In 2021, the government renewed its commitment to climate finance, doubling it from $2.65 billion to $5.3 billion. We're now in year three of those investments.
The first round of climate finance from 2012 to 2020 resulted in significant mitigation, offsetting 228 megatonnes of greenhouse gases.
In our current portfolio, 60% of the portfolio is focused on climate mitigation, and 40% is focused on climate adaptation. We're delivering that funding, which is a combination of loans and grants, through large multilateral investments. There's a coal transition piece of work that we're doing with Climate Investment Funds at the World Bank. We're also working with smaller organizations to deliver adaptation outcomes to help small farmers and small communities adapt to climate change, and we work with both Canadian and international NGOs, as well as with, as I said, UN institutions and the international financial institutions.