Rich nations met $100b climate finance goal two years late: OECD ...Middle East

PARIS: 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.The failure to raise the money on time has eroded trust in climate negotiations and the OECD report comes as nations race to set a more ambitious goal by November.In 2009, developed nations promised to raise $100 billion a year by 2020 to help low-income countries invest in clean energy and cope with the worsening impacts of climate change.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 Deve

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Last updated : 29 May 2024 clock 02:52 PM

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Rich nations met $100b climate finance goal two years late: OECD ...Middle East

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