Back in 2009, the world's rich countries promised to jointly ensure that $100 billion was donated annually to poor countries starting in 2020. The money will go to reduce climate emissions and protect against the damage that can occur when the weather changes.
Sweden is one of eight developed countries that has steadily provided "its fair share" of climate aid since 2021, according to the think tank ODI.
ODI calculates how much each rich country should pay towards the target based on GDP, the amount of emissions it has had since 1990 and population.
In 2023, the global target was reached and 15 countries paid their share. Sweden, Norway, France and Japan paid more than double their share, while Greece, Portugal and the US are at the bottom.
Sweden is also one of five countries that provides high-quality aid, where others lend money rather than donate.
But there are clouds of concern. The new financing target is $300 billion per year from 2035. At the same time, several countries have signaled that they will pull the brakes. Sweden, for example, has scrapped the one percent target, and ODI estimates that the Swedish financial contribution will decrease.
Facts: Giving “his fair share”
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Norway, France, Sweden and Japan have given more than double their “fair share” of the $100 billion target for poor countries in climate finance by 2023.
Sweden gave 1.92 billion dollars, where the fair share was calculated at 0.87.
Luxembourg, Denmark, the Netherlands, Germany, Switzerland, Austria, Iceland, Finland, Belgium, New Zealand and the United Kingdom also reached their share.
Ireland, Canada, Italy, Australia, Spain, the United States, Portugal and Greece gave less than they should have given, according to ODI.
Source: ODI
