Four multilateral climate funds release first joint results report

In November 2025, the Adaptation Fund, Climate Investment Funds, Global Environment Facility and Green Climate Fund released their first Joint Results Report, covering 2,287 projects, US$34 billion in approved financing and US$176.2 billion in mobilised co-financing across 145 countries. The aggregated metrics set a new transparency standard guiding where climate finance, including to India, is directed.

Four leading multilateral climate funds, the Adaptation Fund, Climate Investment Funds, Global Environment Facility and Green Climate Fund, released their first Joint Results Report in November 2025, reporting against common indicators for the first time. The combined portfolio covers 2,287 active projects, US$34 billion in approved MCF financing and US$176.2 billion in mobilised co-financing, reaching 145 countries including Small Island Developing States, Least Developed Countries and Fragile and Conflict-Affected Situations. Collective efforts have reduced or avoided 710 million tonnes of CO2eq toward a lifetime goal of 9.3 billion tonnes.

Governments and implementing partners across 145 recipient countries are affected, gaining a clearer aggregated picture of climate finance impact across mitigation, adaptation, energy and nature. In energy, 34,171 MW of low-emission capacity is installed, 52% of the 65,900 MW expected, with nearly 77 million MWh in annual energy savings. On adaptation, 371 million people have been supported toward a 1.785 billion goal, though a gender gap shows 58% male and 42% female beneficiaries. In nature, 156 million hectares are under sustainable management.

Governments, implementing partners, investors and recipient entities should use the aggregated metrics to identify where climate finance is landing and which sectors and geographies still lag in resilience and low-emission capacity. The report outlines a post-pilot roadmap to strengthen cross-fund methodological alignment, develop common standards on defining co-financing and disaggregating data, and explore new results areas. Stakeholders should monitor these next steps to direct targeted investment and uphold accountability in multilateral funding.

Key figure — Mobilised co-financing: US$176.2 billion alongside US$34 billion in approved MCF financing across 2,287 projects