Oireachtas Joint and Select Committees
Tuesday, 20 June 2023
Joint Oireachtas Committee on Foreign Affairs and Trade, and Defence
Pre-budget Submission: Dóchas
Ms Jane-Ann McKenna:
I will address climate finance. Ireland has committed to €225 million in climate finance per annum by 2025. It has committed to that being in addition to overseas development aid as per Ireland's obligations under the United Nations Framework Convention on Climate Change. When we signed up to the climate finance commitments, there was an obligation that this would be in addition to our overseas development aid. When we look at our overseas development aid expenditure, we are measuring this against GNI. It is about proportionately growing our overseas development aid in line with the growth of our economy and ensuring we are adhering to the commitments we made.