LL-012··Labour-led government (Greens confidence & supply)·international
International climate finance ($1.3b, 2022-2025)
Win +1What happened
Committed $1.3 billion over four years (2022-2025) in grant-based international climate finance ($800m new + $500m reprioritised aid); ≥50% to Pacific; ≥50% for adaptation.
Why it matters
Major increase in climate adaptation finance for vulnerable Pacific neighbours.
Impact assessment
Material adaptation finance; domestic mitigation effect limited.
Scale: NZ$1.3b over 4 years (~$325m/yr average)
Attribution
shared (high confidence) -Labour, Greens
PM and Climate Minister announcement ahead of COP26.
Coalition period: Labour-led government (Greens confidence & supply) (17 October 2020 - 26 November 2023)
Categories
adaptation