Tag: developed

According to the OECD’s latest assessment, climate finance provided and mobilized by developed countries for climate action in developing countries reached USD 89.6 billion in 2021. While this reflects a positive trend with an 8% increase over 2020, it falls just over USD 10 billion short of the annual goal of USD 100 billion set under the UN Framework Convention on Climate Change.

Foreign aid in 2022 rose to an all-time high of USD 204 billion, up from USD 186 billion in 2021, as developed countries increased their spending on processing and hosting refugees and on aid to Ukraine, according to OECD.