OECD regional climate finance distribution reports or similar authoritative sources

Developed Countries Surpass Climate Finance Goal Two Years Late, Mobilize $115.9 Billion in 2022

May 29, 2024, 03:25 PM

In 2022, developed countries collectively mobilized USD 115.9 billion for climate action in developing countries, surpassing the annual goal of USD 100 billion for the first time, according to the OECD. This achievement, although two years later than initially promised, represents a 30% increase from 2021, amounting to an additional USD 26.3 billion. Japan has welcomed this milestone and committed to continuing its climate action efforts. This commitment was part of a pledge for the period 2020-25.