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On November 8, USAID announced an ambitious target to mobilize $150 billion in public and private climate finance by 2030. USAID will catalyze the majority of this funding from private sector investments—as well as from public sector investments from partner country governments—through targeted programs and partnerships. USAID aims to catalyze 10 dollars of private sector financing for every one dollar of USAID public funding invested. The U.S. Government public funds that USAID invests in these programs and partnerships to catalyze outside investments will be drawn from and aligned with the anticipated $11.4 billion in annual public climate financing announced by President Biden at the UN General Assembly.
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