Oireachtas Joint and Select Committees

Wednesday, 6 November 2019

Joint Oireachtas Committee on Climate Action

Conference of the Parties, COP, 25: Discussion

Mr. Frank Maughan:

The Deputy is correct in that the budget included an announcement of a doubling of our annual commitment from €2 million to €4 million. The doubling of the commitment is in line with the positions taken by other contributors to the green climate fund. As the Deputy may be aware, the fund is going through a replenishment process at the moment to provide resources for the next four years. What we have seen is that all of the current contributors who have already made announcements have committed to doubling their contributions, so our announcement was very much in line with that. The green climate fund represents only a very small portion of our overall climate finance contribution annually, so it should not be misrepresented as being a very small amount in terms of climate finance. We are providing much larger volumes, including through Irish Aid, and the most recent figures available indicate we provided approximately €77 million in total climate finance in 2018.

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