The Trillions Tracker

In 2022, independent experts estimated a US$2.5 trillion annual public spending gap to fund the energy transition, prepare for and protect people from climate change, and fund development needs like education and healthcare in low- and middle-income countries. This has been achieved through domestic resources and international public finance, but to close the remaining gap we need to increase external public finance through official development assistance, multilateral and bilateral non-concessional lending, and innovative finance.