By 2030, that figure is expected to climb to over €2 trillion.
Just under €1 trillion a year will be needed to keep the planet from warming further.
A report today by a group on climate finance shows €1 trillion a year is needed to cut emissions, restore nature, help build climate defences.
By 2030 - that figure will more than doubled to €2.4 trillion a year.
For the first time ever the idea of climate compensation is on the agenda at COP - with rich countries who are the biggest emitters of carbon into the atmostphere are being urged to fund repairs and defences in poorer countries being hit with the brunt of climate disasters.
Jack O Sullivan, Environmentalist Consultant in Westmeath, believes the Government should look at the actions taken by other European countries to reduce emissions here:
Justice Minister Wants People To Come Forward Over Offaly Arson Attack
Gardaí Begin Murder Investigation After Child And Woman Dies In Offaly House Fire
Ashling Murphy Murder "Wrongly Accused" Granted Bail Over Theft Charge
Young Boy And Woman Killed In Offaly House Fire
Laois Makeup Artist Warns Of Expired Suncream Dangers
Lynx and Wolves In Ireland Pose Minimal Threat - Offaly Biodiversity
€4.5m Going To Midlands Suckler Farmers
Westmeath Writer Nominated Posthumously For Award
Seven Midlands Hotels Nominated For Gold Medal Hotel Awards
Cabinet Approves Major Expansion Of Midlands Garda HQ And Prison
Memorial Day Honouring Ashling Murphy Takes Place In Offaly
Midlands Town Left Shocked After Death Of Young Woman
Concerns Highlighted On Drones Spotted Ahead Of Zelenskyy Visit
€6m Westmeath Lotto Jackpot Winner Comes Forward
Israel’s Participation Sparks Eurovision Withdrawals From Ireland And Others
Teachers Union Calls For More Permanent Posts Amid Recruitment Challenges
Offaly Garda To Receive Bronze Medal And Bravery Award
Laois TD Questions Effectiveness Of Utilities Commission In Regulating Uisce Éireann
€6m Lotto Jackpot Ticket Sold In Mullingar
Grinch Themed Late Late Toy Show Lights Up the Midlands