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Will any portion of the International Development Cooperation funding in Budget 2026 be directed to climate finance, if any, and how does the level of climate finance compare with each of the previous two financial years?

Answered Question 25356 (2026)
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Asked by

Vanushi Walters

List MP · Labour Party

Question

  • Will any portion of the International Development Cooperation funding in Budget 2026 be directed to climate finance, if any, and how does the level of climate finance compare with each of the previous two financial years?

Answered by

Rt Hon Winston Peters

List MP · NZ First · Minister of Foreign Affairs

Answer

Yes. In 2024/25, NZ$294 million of International Development Cooperation (IDC) funding was directed to climate finance. We are projecting NZ$245 million of IDC climate finance in 2025/26, and NZ$299 million in 2026/27. We expect IDC investment in climate finance to continue to be a similar proportion of total IDC spend in future years.