Climate Finance

November 01, 2023

In 2009, developed countries committed to providing US $100 billion in climate finance per year to developing countries from 2020. In 2021, the total climate finance provided by them stood at US $89. 6 billion according to OECD

Progress on deciding a New Collective Quantified Goal (NCQG) on climate finance by 2025 is slow. Developing countries hope to see discussions on the quality of finance at COP 28