Growth accelerated in climate finance, developed countries must continue scaling up to reach the USD 100 billion goal: OECD

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ANI News

Paris [France], November 18 (ANI/WAM): Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 89.6 billion in 2021, according to the OECD’s sixth assessment of progress towards the goal for developed countries to provide and mobilise USD 100 billion of climate finance annually for climate action in developing countries under the UN Framework Convention on Climate Change. This shows a positive trend, representing close to an 8% increase over 2020, which is significantly higher than the 2.1 per cent average annual growth observed from…

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