Who gets the climate money? Inside the top five recipients of global adaptation funding

The researchers - Charissa Bosma, Lars Hein and Daniel C. Miller - tracked more than 180,000 projects funded by 230 government and non-governmental organisations across 124 countries. Their findings show that where climate aid goes, and how much arrives, depends not just on vulnerability to climate change, but also on governance, geography, and economic scale.

Between 2013 and 2022, Bangladesh, India, Ethiopia, Indonesia, and Vietnam together received 25% of all international climate adaptation funding to the Global South, according to a new study published in World Development.

According to the study, "Thirty percent of the 182,834 projects climate and/or biodiversity projects explicitly sought to contribute to both climate adaptation and biodiversity objectives. Of these 55,907 projects, approximately 6,208 had both climate adaptation and biodiversity as their principal objective."

“Bangladesh, India, Ethiopia, Indonesia, and Vietnam were the top 5 recipients of climate adaptation funding. These 5 countries together make up for a quarter of the total funding during the study period,” the study found.

"Vietnam and India also appear in the top 5 of total biodiversity investments," the study also found.

Here is a breakdown of total climate adaptation investment, per capita adaptation investments, total biodiversity investments, per hectare biodiversity investments, and total mixed investments.

Bangladesh

The delta nation, crisscrossed by rivers and facing sea-level rise and cyclones, has long been the face of climate vulnerability. But it’s also been proactive.

Between 2013 and 2022, Bangladesh received a total of $2,882 million in climate adaptation funding; climate adaptation funding per capita of $17.63; total biodiversity funding of $654.5 million; biodiversity funding per hectare of $4,432, and total mixed funding of $471 million.

India

India ranks second with climate projects ranging from solar irrigation and urban cooling to water conservation and ecosystem restoration. India received climate adaptation funding of about $2,753 million; climate adaptation funding per capita of $1.996; total biodiversity funding of $2,929 million; biodiversity funding per hectare of $891.0; and total mixed funding $903.9 million.

The study indicated that "the differences between the top and bottom recipients of funding are large: average per capita investments of the top 10 countries over the period 2013–2022 are US$ 930, with Tuvalu receiving per capita funding as high as US$ 4257, compared to less than US$ 1 for the bottom 10 recipient countries."

Ethiopia

Ethiopia ranks third, and many of its projects focus on restoring degraded land and improving food security, areas that also generate biodiversity co-benefits.

The country received climate adaptation funding of about $2,600 million; climate adaptation funding per capita of $23.72; total biodiversity funding of $1,267 million; biodiversity funding per hectare of $1,115; and total mixed funding of $1,351 million.

But despite being one of Africa’s most climate-exposed nations, Ethiopia still receives far less per capita than smaller or more stable countries, showing that vulnerability alone doesn’t guarantee funding.

Indonesia:

With its vast tropical forests, peatlands, and coastlines, the country is both a carbon sink and a climate hotspot. Indonesia received climate adaptation funding of about $2,409 million; climate adaptation funding per capita of $9.029; total biodiversity funding of $1,320 million; biodiversity funding per hectare of $689.5; and total mixed funding of $781.1 million.

Further stating that "climate adaptation funding and biodiversity funding were strongly and positively correlated. This finding is supported by spatial analysis, which shows that countries receiving relatively high amounts of both climate adaptation funding per capita and biodiversity funding per hectare are roughly located around the equator."

Vietnam:

Home to one of the most polluted cities, Hanoi, Vietnam, receives the fifth-largest share of the global climate adaptation funding. Vietnam received $2.188 billion in total climate adaptation funding, equivalent to $23.33 per capita. It also received $1.526 billion in total biodiversity funding, or $4,606 per hectare in biodiversity funding. In total, it received $768.8 million.