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This Research Fellowship project investigates how the European Union has reshaped its approach to international climate finance over the past decade. It begins by tracing key policy shifts and situating them within broader internal and external pressures from UN processes to economic and geopolitical developments. It then maps the EU’s major climate finance instruments by analyzing their stated goals, operational features, and priorities. A critical focus is placed on the increasing role of private finance in the EU’s climate strategy, exploring how this shift has influenced the tools’ design and implementation and how it aligns with the EU’s development commitments. Finally, the degree to which researched tools align with the economic, social, and environmental pillars of sustainable development is assessed. Based on this analysis, the project concludes with targeted policy recommendations to enhance the equity, coherence, and impact of the EU’s climate finance framework.