08/11/2021
This week, Sweden’s Minister for International Development Cooperation Per Olsson Fridh is taking part in COP26 in Glasgow. He will speak about matters such as the importance of richer countries providing financing for global climate transition and climate adaptation. Sweden continues to support those who are hardest hit by climate change, in particular the least-developed countries and small island states. One of the cornerstones of the Paris Agreement is that rich countries are to take the lead and reduce their emissions, while supporting developing countries in their climate action.
Sweden is the world’s largest donor per capita to several climate funds, including the Green Climate Fund (GCF), the Global Environmental Facility (GEF) and the Adaptation Fund (AF). In 2019, Swedish climate aid amounted to SEK 7.5 billion, which is a three-fold increase compared to 2014. Ahead of COP26, the Government announced its ambition to double Swedish climate financing to SEK 15 billion by 2025.