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Rich nations topped $100 bn climate finance goal again in 2023, 2024: OECD
Wealthy countries topped their $100 billion annual climate finance goal for poorer nations for the third straight year in 2024, the OECD said Thursday, but questions are growing over their ability to meet a new larger pledge. Developed nations had long fallen short of their commitment to mobilise $100 billion a year by 2020, finally hitting the target for the first time in 2022 after the deadline was extended to 2025. The money is aimed at helping developing countries, which are least responsible for global warming, invest in renewable energy and cope with the worsening impacts of climate change. [...]