114 - South Africa’s G20 presidency

A turning point for Climate Finance?

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The Climate Mentor
March 9th, 2025 • Estimated Reading Time: 4 minutes

Can the G20 finally fix climate finance? ♻️

Developing nations have long struggled with the financial burden of climate change, often bearing the worst effects despite contributing the least to global emissions.

As South Africa takes over the G20 presidency in 2025, it has placed climate finance at the top of its agenda.

With rising debt, extreme weather, and slow progress on past financial pledges, will this G20 leadership finally drive meaningful change?

A bar chart showing the top 10 recipients of international climate finance over the past decade, measured in million U.S. dollars. Morocco leads with $606.96 million, followed by Mexico ($591.11m), Brazil ($533.46m), South Africa ($466.47m), and India ($463.69m). Other countries benefiting include Turkey ($401.36m), Indonesia ($364.92m), Ukraine ($292.35m), the Philippines ($217.47m), and Thailand ($181.33m). The data is sourced from the Overseas Development Institute and published by Statista.

Top 10 Countries Receiving the Most Climate Funds in the Last Decade

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