Policy Context

Austria’s multilateral climate finance is largely provided by the Federal Ministry of Finance. Additionally, the Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology and the Federal Ministry of European and International Affairs provide the contribution to the GCF and bilateral climate funding.

The Austrian Strategy for International Climate Finance, which was revised in 2017, includes a commitment to mainstreaming of climate across relevant ministries, integrating climate into the three-year programs on development cooperation and the Finance Ministry’s guidelines on international finance institutions. Austria is committed to the target of collectively providing US$100 billion in climate finance annually between 2020 and 2025 and an equal share between climate mitigation and adaptation.

ODA Spending

How much ODA does Austria allocate to climate projects?

How is Austria's climate-related ODA changing?