ANTALYA, Türkiye, Nov. 13, 2026 /CNW/ -- The impacts of global climate change affect Canada's economic stability, food security, supply chains, and long-term prosperity. By investing in climate action internationally, Canada is helping reduce these shared risks and strengthen global resilience while Canadian innovation and expertise help other countries cut emissions and adapt to a changing climate.
While at COP31, the Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature, announced $116 million in new climate finance through Environment and Climate Change Canada. This is the first new funding under Canada's goal of delivering $13 billion in climate-related support to developing countries over the next five years. Canada is one of only two developed countries to have announced a forward-looking climate finance commitment, and the $13 billion goal is Canada's largest-ever international climate finance goal.
These grants and contributions will support 12 projects related to emissions mitigation and building resilience, strengthening developing countries' capacity for climate and development action. For example, Canada intends to provide up to $10 million for the Climate Risk and Early Warning Systems initiative, which helps communities in the world's most climate-vulnerable countries anticipate, prepare for, and respond to extreme weather, climate, and water-related hazards before disasters strike; up to $10 million for the International Energy Agency's Clean Energy Transitions Programme to help reduce global emissions; and up to $12 million for the National Adaptation Plan Global Network to help developing countries strengthen their climate adaptation planning and implementation.
Canada's renewed approach to climate finance is built around tangible results and the use of public funds to bring in private investment. To reach Canada's $13 billion goal, the Canadian government will provide a total of $5.9 billion to Environment and Climate Change Canada, Global Affairs Canada, and FinDev Canada. The funding also includes support provided through multilateral development banks and Export Development Canada, as well as private finance catalyzed by public resources. Across the board, there will be a strong emphasis on measurable results and effective delivery, so that every dollar strengthens Canada's contribution to global climate action.
The benefits that come from Canada's climate finance support will be felt globally. Canada's international climate finance support since 2015 is expected to reduce or avoid nearly 658 megatonnes of global emissions by 2050 and help over 40 million people in developing countries adapt to climate impacts.
Today's $116 million announcement reflects Canada's continued ambition and leadership in global climate finance as countries work together to meet increasingly urgent climate and development challenges facing the planet.
Quotes
"Impacts of global climate change are felt here at home, in our supply chains, our food security, and our economy. The funding announced today will help developing countries cut emissions and prepare for extreme weather. Our approach is designed to deliver measurable results and leverage public dollars to bring private investment with them. Canada is a reliable partner the world can count on."
– The Honourable Julie Dabrusin, Minister of the Environment, Climate Change and Nature
"For many developing countries, climate change is not a future challenge, it is a daily reality. From extreme weather to food insecurity, its impacts are increasingly putting lives and development progress at risk. Through this new climate finance goal, Canada is working with partners to help communities adapt, build resilience, and pursue sustainable growth. Together, we're helping create a more stable, secure, and prosperous future for Canadians and people around the world."
– The Honourable Randeep Sarai, Secretary of State (International Development)
"Climate change remains one of the defining opportunities and challenges of our generation. As a key partner in delivering Canada's international climate finance ambitions, FinDev Canada is committed to mobilizing private investment at scale to support low-carbon, resilient growth in emerging and developing economies. We will help unlock investment in projects aligned with transition pathways, scale climate solutions, and deliver measurable impact. Guided by our commitment to allocate approximately 60% of our portfolio to climate-related investments, we are working to turn climate ambition into action while creating opportunities for Canadian expertise, innovation, and partnerships to contribute to the global transition."
– Lori Kerr, Chief Executive Officer, FinDev Canada
Quick facts
- Since 2015, Canada has provided over $14.3 billion in international climate finance. This support is expected to reduce or avoid nearly 658 megatonnes of global emissions by 2050 and help over 40 million people in developing countries adapt to climate impacts.
- On November 3, 2026, the Prime Minister announced more than $70 million in new investments to strengthen resilience across the Commonwealth, including the Caribbean. These investments will help build stronger infrastructure, improve emergency preparedness operations, restore forest ecosystems, and enable the rapid dispatch of emergency relief.
- Environment and Climate Change Canada's International Climate Finance program funds activities to mitigate and adapt to climate change and plays a key role in reducing global greenhouse gas emissions and building resilience to climate impacts.
- The funding under the International Climate Finance program contributes to Canada's goal of providing $13 billion in climate-related support to developing countries by 2031.
- Canada joined all parties at COP29 in 2024 in agreeing to the New Collective Quantified Goal (NCQG) to scale up climate finance for developing countries to at least US$1.3 trillion annually by 2035 from all sources, with at least US$300 billion per year by 2035 to be led by developed countries.
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SOURCE Environment and Climate Change Canada
Contacts: Amy Falkner, Press Secretary, Office of the Minister of the Environment, Climate Change and Nature, 873-355-9725, [email protected]; Media Relations, Environment and Climate Change Canada, 819-938-3338 or 1-844-836-7799 (toll-free), [email protected]
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