Table of Contents
Executive Summary
4
Preface
7
Foreword
8
2024 Snapshot
9
Chapter 1 | ABOUT THE OPEC FUND
10
Chapter 2 | STRATEGIC FRAMEWORK & COMMITMENT
12
The Growing Climate Imperative
14
Global Climate Finance Needs
15
Chapter 3 | THE OPEC FUND CLIMATE ACTION PLAN
16
OPEC Fund’s Partnership-Based Approach to Climate Mitigation and Adaptation
16
New Partnerships and Commitments in 2024
17
Chapter 4 | TRACKING OPEC FUND’S CLIMATE FINANCE
18
Climate Finance 2018-2023
19
Climate Finance 2024
19
The Comparative Picture
19
Chapter 5 | UPDATE ON ROADMAP 2030
29
Chapter 6 | PROJECTS CONTRIBUTING TO THE OPEC FUND’S CLIMATE FINANCE 30 Bangladesh: Green and SME Financing 32 Egypt: Gulf of Suez Wind Power Plant 35 Honduras: Strengthening Agri-food Systems 38 Tanzania: Climate Smart Smallholder Dairy Transformation 42 Türkiye: Climate Finance Facility 46 Uzbekistan: Inclusive and Resilient Market Economy Development 51
ANNEX
56
Climate Finance Methodology
56
OPEC Fund Climate Finance Portfolio 2024
58
OPEC Fund Climate Finance Analysis 2018-2024
62
List of Acronyms
72
Footnotes
74
Acknowledgements
76
Imprint
78
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