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Australia’s climate finance

Australia is committed to increasing its climate finance and aligning efforts with the priorities of our development partners. Through the International Development Policy, launched in August 2023, Australia has placed climate change at the heart of its approach to international development.
 

Key highlights

Strengthening climate resilience

Strengthening climate resilience

From 2024-25, at least half of all new country and regional investments valued over 
$3 million will have a climate change objective, rising to 
80 per cent by 2028–29.

Climate risk integration

Climate risk integration

We are incorporating climate risk into our development partnership plans, ensuring our investments are climate-resilient and sustainable.

Alignment with partner plans

Alignment with partner plans

Our bilateral programs are aligned with our partners’ Nationally Determined Contributions and National Adaptation Plans, making sure we are supporting their long-term climate plans.

  
These actions demonstrate Australia’s recognition that effective and sustainable development outcomes require climate resilience across all regions, countries and sectors.

Supporting climate-resilient Pacific businesses

Australia is investing in new ways of working to foster a more environmentally sustainable and climate-resilient region. In Fiji, through the Market Development Facility, we are partnering with local businesses, like Baywater Engineering to implement more innovative farming solutions that reduce environmental impact.

Case study
A farmer from Nadali village in Nadarivatu, Fiji, now has improved access to quality and resilient seed varieties that yield better harvests and higher incomes for farmers.
Credit: MDF

Transparency in climate financing reporting

Australia is committed to transparency in climate finance. We report our contributions through several channels to ensure accountability: