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

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Donors have been accused of repackaging existing aid pledges as climate finance and making the money largely available as loans instead of unconditional grants

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.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 on 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. A panel convened by the UN estimates these countries — excluding China — will need $2.4 trillion a year by 2030 to meet their climate and development needs.

 

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South Africa South Africa Latest News, South Africa South Africa Headlines