Wealthy countries met global climate finance goal two years late, OECD says
- Wealthy countries reached their goal of $100 billion in annual climate aid to poorer nations in 2022, as reported by the OECD.
- Developed nations pledged in 2009 to raise $100 billion yearly by 2020 for clean energy and climate change; this was achieved in 2022.
- The OECD confirmed $115.9 billion raised in 2022, exceeding the target, but two years later than promised.
31 Articles
31 Articles
Wealthy countries met global climate finance goal two years late, OECD says
Developed countries achieved their pledge to provide $100 billion to help poorer countries cope with climate change in 2022, the OECD said on Wednesday, confirming the target was met two years late.
Climate: $100 billion target for developing countries reached and exceeded
According to the OECD, developed countries provided $116 billion in 2022, a record 30% increase in one year. They are two years late in fulfilling an old promise that has become a driving force behind climate action.
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