Climate Finance Report 2024

Table of Contents

Preface by the OPEC Fund President 

5

Foreword 

6

Executive Summary 

7

Chapter 1 | INTRODUCTION 

8

A South-South Mandate and Climate Integration 

11

The Growing Climate Imperative 

11

Global Climate Finance Needs 

12

Chapter 2 | THE CLIMATE ACTION PLAN 

14

Impacts of Climate Change in Partner Countries 

16

Addressing Climate Justice and South-South Cooperation 

16

Partnership Strategy for Implementation of the Climate Action Plan 

17

Chapter 3 | TRACKING CLIMATE FINANCE 

20

Climate Finance Baseline 2018-2021 

21

Climate Finance 2022 

21

Climate Finance 2023 

21

The Comparative Picture 

22

Chapter 4 | CLIMATE FINANCE TARGETS – ROADMAP 2030 

28

Thematic Priorities 

29

Achieving Climate Finance Targets 

29

Chapter 5 | PROJECTS CONTRIBUTING TO THE OPEC FUND’S CLIMATE FINANCE  32

ANNEX 

60

Glossary 

90

Acknowledgements 

92

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