Rich countries hit $100bn climate finance goal two years late, data shows
by Fiona Harvey Environment editor from Environment | The Guardian on (#6GE92)
Annual funding promise made in 2009 to help poor countries deal with climate crisis had original 2020 target
The totemic promise by rich countries to provide $100bn (80bn) a year to the poor world in climate finance has finally been met, two years after the deadline, data published on Thursday shows.
About $89.6bn was provided to developing countries in 2021, according to the Organisation for Economic Co-operation and Development, and that sum was likely to have exceeded $100bn in 2022, based on OECD preliminary data.
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