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

Wealthy countries finally met their $100 billion climate aid target in 2022, two years late, eroding trust in climate negotiations.Wealthy countries met their target of providing $100 billion in annual climate aid to poorer countries for the first time in 2022 though two years later than promised, the OECD said Wednesday.

More than a decade later this target was finally met for the first time in 2022 with $115.9 billion raised, the Organisation for Economic Co-operation and Development said. The $100 billion target is nowhere near what experts say developing nations will need for renewable energy and adaptation measures like coastal defences against rising seas.

Climate finance is a thorny issue at the annual UN climate talks and negotiators have been working this year to try and set a new goal to replace and go beyond the $100 billion target.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Rich nations met $100 bn climate finance goal two years late: OECDWealthy countries met their target of providing $100 billion in annual climate aid to poorer nations for the first time in 2022, two years later than promised, the OECD said Wednesday. More than a decade later this target was finally met for the first time in 2022 with $115.
La source: brieflyza - 🏆 10. / 68 Lire la suite »

Rich nations met $100 billion climate finance goal two years late: OECDDonors have been accused of repackaging existing aid pledges as climate finance and making the money largely available as loans instead of unconditional grants
La source: mailandguardian - 🏆 2. / 92 Lire la suite »