Wealthy countries met global climate finance goal two years late, OECD says

Rich nations met $100bn climate finance goal two years late

Wealthy countries finally met their target of providing $100 billion in annual climate aid to poorer countries for the first time in 2022 – two years behind schedule, the OECD said on Wednesday.

Rich countries met $100bn climate goal two years late, OECD says

Pledge to provide finance to help emerging countries cut emissions first made in 2009

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.

Wealthy countries meet global climate finance goal two years late

Pledge of $100bn a year is far less than  developing countries need to invest in clean energy

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.