The EU and its Member States constitute the largest donor for development, humanitarian and climate finance to developing countries. However, looking exclusively at amounts of money would be misleading. In order to properly evaluate the effect for development on poor and vulnerable countries, we need to delve into how the money is accounted for and how it is allocated.
To this end, we commissioned an analysis of the accounting of funds allocated by EU institutions and Member States to climate action year by year. This research delivered several interesting results which are presented in this report.