Oireachtas Joint and Select Committees

Tuesday, 17 June 2025

Committee on Foreign Affairs and Trade

The Work of Dóchas: Discussion

2:00 am

Ms Jane-Ann McKenna:

The climate finance figure is €225 million or that is what the Taoiseach, Deputy Micheál Martin, committed to at COP26. I think we will reach that in 2025 and it will be on target, but we have put in an estimate of €500 million because that is based on calculations around what is Ireland's fair share in terms of climate finance, and that is what we will be advocating for. Although the target of €225 million was very welcome at that stage, it was not necessarily based on what we would consider our fair share to be, given how we would make those calculations.