Pa Daly (Kerry, Sinn Fein)
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10. To ask the Minister for Foreign Affairs and Trade regarding climate finance, the proportion of the finance provided to date in the form of loans, by year and by country; and if he will make a statement on the matter. [22084/25]

Neale Richmond (Dublin Rathdown, Fine Gael)
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International climate finance is a key priority for the Government and for Ireland’s foreign policy. The Government has made significant progress in scaling up Ireland's international climate finance in recent years.

Ireland’s International Climate Finance Roadmap sets out how we will deliver on the target of providing at least €225 million annually in climate finance by 2025. The Roadmap is rooted in Ireland’s effective climate finance to date, which focuses primarily on supporting adaptation to climate change in vulnerable countries. We are on track to meet the €225 million target this year.

Ireland’s climate finance is channelled through our Embassies and missions abroad, through multilateral organisations, and through NGO partners. In 2023, Ireland provided €159.2 million in climate finance, an increase of 32% on the previous year.

In line with our priorities, 86% of this went to programmes that support adaptation either as a whole or as one component. Some 79% of Ireland’s bilateral climate financing, delivered through our Embassies and missions, was channelled to Least Developed Countries in Africa, Asia, and the Americas. Over 84% of climate-related support through Irish NGOs also went to these countries.

All of Ireland's international climate finance is grants-based at point of distribution. None of the climate finance provided directly to date has been in the form of loans.

In 2023, 16% of Ireland’s climate finance (approximately €25.5 million) was provided to multilateral climate funds and 18% (approximately €28.4 million) was provided to multilateral development banks and international financial institutions. This finance is provided as grants to multilateral development banks and multilateral climate funds. These then offer and combine a range of financing instruments, including grants, loans, equity, and guarantees, to address climate related issues.