Rich countries are making little progress towards meeting their pledge to provide annual climate change mitigation funds, the Organization for Economic Co-operation and Development (OECD) said on Friday. Developing countries bear the brunt of the climate crisis but only received $79.6 billion of the pledged $100 billion (€84.9 billion) in 2019, according to an OECD report. That represents an increase of less than two percent on the previous year. “The limited progress in overall climate finance volumes between 2018 and 2019 is disappointing, particularly ahead of COP26 (the UN climate summit in November),” OECD Secretary-General Mathias Cormann said. What is being done to raise climate funds
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