Billions of dollars of foreign aid have been reclassified as “climate finance”, thereby helping rich countries to meet a long-overdue target, according to new analysis.
Newly released figures suggest that developed nations achieved their goal of raising $100bn in climate aid for developing countries in 2022 – two years after the deadline.
The Organisation for Economic Co-operation and Development (OECD) says these countries raised $115.9bn for climate-related projects, following a record surge in spending.
However, analysis conducted by the Center for Global Development (CGD) and shared with Carbon Brief suggests that around $27bn of the $94.2bn increase in public climate funds over the past two decades came from existing development aid.
Specifically, the CGD identified at least $6.5bn of climate aid within the record 2022 increase that was diverted from other aid programmes. This is despite pledges by wealthy countries to provide climate finance that is “new and additional”.
Such accounting changes could allow some developed countries to reach their climate targets, even while slashing their wider aid budgets.
Meanwhile, wealthy nations are under pressure to rapidly increase climate spending in the global south. At COP29 this year, all parties must agree on a new climate target that will help raise the trillions of dollars these nations say they need to address climate change.
‘Largest increase’
The $100bn target was set in 2009 at COP15 in Copenhagen to help developing countries cut their emissions and protect themselves from climate change.
A group of “developed” countries, including many European nations, the US, Canada, Japan, Australia and New Zealand, agreed to “mobilise” this amount by 2020 and then each year through to 2025.
This money largely comes from countries’ foreign-aid budgets, which finance climate-related development projects. A smaller proportion is also raised from the private sector.
Crucially, countries have determined during UN climate negotiations that climate finance should be “new and additional”. This is generally interpreted as meaning it should be supplied on top of existing aid.
Developed countries failed to hit the $100bn goal by 2020, raising just $83.3bn that year. This was poorly received by developing country governments, who view this money as essential to meet their climate targets under the Paris Agreement.
Last year, the OECD, which tracks international climate finance, announced that developed countries had “likely” met the target in 2022 – two years late. It did not release the data underpinning this estimate at the time.
The OECD has now published a report confirming that the $100bn goal was met. In fact, the organisation says climate finance underwent its “largest year-on-year increase observed to date” in 2022 – reaching $115.9bn. This $26.3bn increase can be seen in the chart below.

This uptick in climate finance was driven by record increases in spending both bilaterally – directly from country-to-country – and via multilateral development banks and funds.
There was also an unprecedented $7.5bn increase in private finance, which was mobilised by developed country investment. This comes after years of private investment remaining essentially unchanged each year.
The OECD notes that the “lion’s share” of public climate finance was provided as loans – around 69% of the total. This has raised concerns, given the number of global south countries that are already struggling with debt.
‘New and additional’
Countries are set to decide on a new climate-finance goal – known as the “new collective quantified goal” – at COP29 in Baku, Azerbaijan, later this year. This target is expected to go beyond the $100bn goal and be based on an assessment of countries’ real-world needs.
Meanwhile, some wealthy countries have announced major cuts to their foreign-aid budgets. Many nations have also decided to channel large amounts of aid to Ukraine, following Russia’s invasion in 2022, while also diverting funds to accommodate refugees on their own soil.
All of this could squeeze the wider development-aid budget and, in theory, make achieving climate finance goals more challenging.
Some countries, including the UK, have opted to meet their climate finance targets by “redirecting” or “relabelling” existing funds as “climate finance”, while failing to commit new money in sufficient volumes.
According to analysis by the CGD – released one week ahead of the OECD’s assessment – this is largely what enabled developed countries to meet the $100bn target in 2022.
It concluded that, when considering public climate finance, the goal was “partly achieved by adding climate objectives to existing development finance flows”. (The CGD analysis did not attempt to estimate the increase in private finance, assuming it would remain stable as it had in previous years.)
Applying the CGD analysis to the public portion of the OECD’s $115.9bn climate finance figure – which amounted to $94.2bn – shows that around $27bn comes from existing development aid.
This is based on overall aid only increasing $67.2bn between 2009 and 2022, meaning the remaining increase in climate aid must have come from existing sources.
Ian Mitchell, the CGD senior policy fellow who led the analysis, tells Carbon Brief:
“The intention was to provide ‘new and additional’ finance and I think the very lowest bar for that is that the face value of [total] finance would have gone up $100bn.”
As the chart below shows, while the overall aid budget grew in 2022, due partly to new aid for Ukraine and more spending on housing refugees, existing bilateral development aid fell in 2022.
Given this, the CGD says the $6.5bn increase in climate finance that year can definitively be attributed to countries’ existing foreign-aid budgets, rather than an increase in spending.

Diverting funds
Mitchell highlights the key issue with hitting climate finance targets without committing enough new resources:
“The problem with meeting that $100bn from existing resources is that it’s either rebadging it, which is not providing climate finance, or it’s diverting it from other development objectives…reducing spend on health or education.”
However, Joe Thwaites, senior international climate finance advocate at the Natural Resources Defense Council (NRDC), tells Carbon Brief that not all diversions are “bad diversions”.
A report by the thinktank ODI last year found that much of the funding being reclassified came from sectors such as energy and transport. Thwaites points out that this could mean cutting back on support for fossil fuels and targeting clean energy instead:
“Given the massive development and climate needs, we need to be growing the overall international public-finance pie. But shifting finance from one area to another isn’t necessarily a bad thing, it all depends what it’s being taken from and going to.”
More broadly, Harjeet Singh, global climate lead at Climate Action Network (CAN) International, tells Carbon Brief that developed countries are taking advantage of “creative accounting” and “fiscal loopholes” to meet their targets.
He warns that, as nations prepare to negotiate a new climate finance target at COP29, there is a need for a clear definition of what counts as “climate finance” to avoid such behaviour:
“The absence of a unified definition of climate finance is not a mere oversight; it mirrors historical patterns of power…Developed countries have aimed to keep their financial responsibilities ambiguous.”
The post Rich countries met $100bn climate-finance goal by ‘relabelling existing aid’ appeared first on Carbon Brief.
Rich countries met $100bn climate-finance goal by ‘relabelling existing aid’
Climate Change
Island nations fight to save cultural heritage from climate change
Farmers and fishermen in the Maldives have long relied on an ancient calendar to guide their daily lives.
The Nakaiy system divides the year into 27 distinct periods, each named after a star or constellation in the night sky.
Any one period in the calendar tells you about expected weather and tidal patterns, navigational routes, and fishing conditions. The Nakaiy was created through centuries of careful observation and local knowledge, passed down through families as an essential tool for survival.
But things are now changing. The climate crisis is leading to more extreme weather events across the Indian Ocean island nation and upending the Nakaiy calendar.
“When you go and speak to communities and ask them what kind of impacts they are facing, a lot of elders will tell you that the weather, it doesn’t follow the calendar anymore,” explained Aishath Reesha Suhail, a programme officer in the Maldives’ Ministry of Tourism and Environment.
As the effects of climate change worsen, it is a real prospect that the Nakaiy may be abandoned by local people, representing a major cultural loss to the Maldives.
‘Systemic and growing threat’
With extreme weather becoming the norm, communities are observing a domino effect of consequences in their everyday lives. The slow onset of heritage loss is now being seen across continents, but notably among small islands in remote parts of the ocean.
“Climate change represents a systemic and growing threat to cultural heritage worldwide,” a UNESCO spokesperson told Climate Home, adding that the World Heritage Committee has identified climate change as “one of the most significant long-term risks affecting properties across all regions.”
UNESCO, the UN body for education, science and culture, defines the loss of cultural heritage as “the erosion of traditional knowledge systems, craftsmanship, social practices and identity, particularly where communities are displaced or livelihoods disrupted”. A clear example is historical sites and even entire islands washed into the ocean as a result of rising sea levels and coastal erosion.
The Maldives is dealing with such a situation now. The Koagannu Cemetery is a 900-year-old resting place, located on the country’s southernmost atoll, a mere 50 metres from the shoreline. The monument’s intricate coral gravestones are being actively threatened by the encroaching Indian Ocean.
The government and local community have responded to this challenge with emergency protection measures. Sandbags and concrete structures have been installed along the coastline, complemented by large numbers of palm trees to create a seawall. A wider solution is ‘beach nourishment’, a common practice in the Maldives where sand from elsewhere is brought in to replace what has been lost through erosion. Taken together, these solutions have so far protected the cemetery.
Among the many issues climate change creates, cultural heritage is not always front of mind. In the Maldives, one of the main barriers people face is awareness. “Most of what we are dealing with relates to the erosion of our islands along with areas such as fisheries… but we are quite limited in our capacity to do something about it,“ Suhail said.
“We don’t understand the full breadth of the issue at present because we haven’t been able to do extensive research on the matter,” she added. However, assessing the extent of the damage – and how to respond effectively – is a key priority for the government, outlined in its latest climate plan, known as a Nationally Determined Contribution, and as part of its National Adaptation Plan process.
Fishing is at the core of the country’s culture and identity, employing thousands of people. Most dishes include fish – “we have it for breakfast, lunch and dinner,” Suhail noted – but the climate crisis and overfishing are shifting how and when communities can fish. Tuna makes up 98% of all fish caught in the Maldives, but warmer ocean temperatures are changing migratory patterns, pushing the species into deeper, colder waters.
As a critical economic and cultural resource, the government has outlined a range of solutions to protect the fisheries sector in its first Biennial Transparency Report to the UN. These include using real-time tracking data to improve the efficiency of fishing operations; investing in canneries to increase fish storage; and diversifying away from tuna through marine farming.


Culture and nature go hand-in-hand
The same pattern is playing out elsewhere.
Palau and the Maldives are not close to one another. The two states are separated by around 4,000 miles and sit in different corners of the ocean. But both are experiencing very similar climate challenges, based on their position as a set of scattered, low-lying islands surrounded by an imposing body of blue water.
In the same way as the Maldives, Palau’s cultural heritage is closely tied to “land, coastlines and traditional food systems,” according to Toni Soalabla, at the Palau Office of Climate Change.
“Many of the places that hold stories, history and identity of our communities are located along the coast and are increasingly exposed to erosion and sea level rise,” she said.
One of these places is Ngerutechei village, reportedly the oldest in Palau, and home to ancient stone paths and carvings. The village provides a glimpse into the past social values and culture of the people in this western Pacific nation.
As part of the development of Palau’s National Adaptation Plan, the government has worked with local leaders to identify similar sites of cultural significance. The plan encourages communities to use their own knowledge to create protective measures for these sites.
Climate change is also prompting communities to take up traditional land and food practices again. These include cultivating taro, a stable food source that has historically supported water, soil and food security on the islands.
“These systems developed over generations in response to local environmental conditions, so strengthening them today is both a climate adaptation measure and a way of maintaining cultural knowledge that might otherwise fade,” said Soalabla.
Cultural practices in Palau have developed alongside the natural ecosystems that people rely on to survive. It is within this context that researchers believe adaptation policies should be created. Recognising this relationship “can strengthen both community identity and environmental resilience at the same time”, according to Soalabla.




Heritage on the global stage
The issue of cultural loss has not gone unnoticed in international climate negotiations.
Small island states such as the Maldives have used their role at the UN to push for greater awareness and action, with some key successes.
In 2015, the Paris Agreement established a Global Goal on Adaptation (GGA) which recognised that countries needed to do something about climate change now and not later. However, it took six years before a framework and a set of adaptation targets were agreed at the UN climate summit in Glasgow to pursue this goal.
From this came the establishment of seven overall themes – from poverty eradication to access to health – to guide adaptation action and a set of around 60 indicators to measure progress against the targets.
World leaders invited to see Pacific climate destruction before COP31
Emilie Beauchamp, an adaptation specialist at the International Institute for Sustainable Development (IISD), said that “cultural heritage was highlighted as one of the global priorities [of the GGA Framework] and is one of the seven themes, so it is considered very important by the international community.”
The much-debated set of indicators, only finalised in Belém at last year’s COP30, include five related to cultural heritage with a focus on preserving cultural practices and important sites that are “guided by traditional knowledge, Indigenous Peoples’ knowledge and local knowledge systems”. A spokesperson for UNESCO said the inclusion of heritage indicators “marks an important recognition that climate impacts extend beyond economic losses”.
While critics said the set of final indicators was rushed through by the Brazilian presidency, they now serve as guidance for national governments that wish to implement plans to protect their common heritage. The missing piece of the puzzle remains how to finance these plans – something notably absent from the Belém text, which made clear that the adaptation indicators “do not create new financial obligations or commitments, nor liability or compensation”.
The lack of financial commitments proved disappointing for many small states grappling with how to prevent their cultural history from being entirely forgotten, especially at a time when adaptation finance remains below requirements. A recent UNEP report found that developing nations would need an estimated US$310 billion per year in 2035 to adapt to climate change, while current public financing was around $26 billion.
At these low levels “only a small percentage of what the framework outlines could be implemented,” according to Beauchamp.


The challenge of cultural heritage
When looking at low-lying islands on a map, they can appear as specks of land amid a vast ocean. Many of the stories from these remote places go unnoticed. But the specks represent millennia of human culture that is slowly being lost to the ocean.
While the international community has now recognised the problem and solutions exist, the recurring issue of scarce finance may prevent governments from taking sustained action. Island communities have already been forced to move home as sea levels rise, leaving behind their cultural connections to a place.
The value of any cultural asset, or of human heritage, can be judged by how it is engaged with over generations. Without human intervention, many historical sites, language, cuisine and other local customs would become a forgotten part of history. The rapid onset of climate change brings the role of cultural heritage into sharp relief, challenging communities to decide in real time what they value, what deserves saving, and how to achieve that.
Stories of cultural loss are not confined to small islands but it is here where the challenge is presenting most acutely. The experiences of these vulnerable nations in protecting their heritage will provide the litmus test for effective adaptation responses elsewhere.
Adam Wentworth is a freelance writer based in Brighton, UK.
(Main image: The Isdhoo Havitha is an ancient Buddhist monastery in the Maldives, located moments from the shoreline. Photo: Ashwa Faheem)
The post Island nations fight to save cultural heritage from climate change appeared first on Climate Home News.
Island nations fight to save cultural heritage from climate change
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