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Developed countries exceed $100 billion climate finance target for third consecutive year: OECD

Climate finance continues to accelerate, the OECD has said, with developed countries exceeding the $100 billion climate finance target for the third consecutive year. According to the latest data, from 2024, developed countries pledged $136.7 billion in climate finance support for developing nations, up from $132.8 billion the previous year, and $115.9 billion in 2022. The $100 billion annual climate finance target was first agreed in 2009, under the United Nations Framework Convention on Climate Change (UNFCCC), and has been tracked by the OECD since 2015.  [...]