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Climate Spending Commitments Jump 54% This Year, Group Says

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The Coming Storm of Climate Change

The money being committed to address climate change has jumped 54% this year in response to efforts to check global warming, according to a study.

Climate-related financing commitments since 2011 total $5.48 trillion globally, up from $3.56 at the end of 2018, according to Resilience Intel, a data aggregator that was formed by Citizens’ Climate Education and other nonprofit groups. More than half the total is from multilateral development banks, with the rest coming from other lenders and large financial institutions, climate bonds, private companies and governments.