Our highlights at a glance in numbers 2024 SNAPSHOT
Financing approved by the OPEC Fund:
Projects:
US$ 2.2 bn
49
Of 49 projects, 44 (89.8 % ) contributed to climate finance, amounting to US$ 863.7 million, representing 39.3 % of the year’s approvals. This reflects a strengthened commitment to tackling climate change.
Mitigation & Adaptation Finance:
Both mitigation and adaptation finance increased in 2024 compared to previous years, highlighting a more balanced approach that addresses both the root causes of climate change and its impacts.
60.8 % of the total climate finance supported mitigation activities US$ 525 mn
39.2 % of the total climate finance supported adaptation measures US$ 338.7 mn
Public & Private Sector Investments:
89.4 %
10.6 %
of the total climate finance was accounted for by public sector investments
of the total climate finance was accounted for by private sector investments
9
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