FILE PHOTO: Smoke and steam billows from Belchatow Power Station, Europe's largest coal-fired power plant operated by PGE Group, near Belchatow, Poland November 28, 2018. REUTERS/Kacper Pempel
Developed countries agreed at the United Nations in 2009 to together contribute $100 billion each year by 2020 in climate finance to poorer countries, many of whom are grappling with rising seas, storms and droughts made worse by climate change. With the coronavirus pandemic upending investments this year, the OECD said data were not yet available on how the pandemic has affected climate finance.
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