Photo and Excerpt from www.theguardian.com
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.
The 2021 figure was an 8% increase from $83bn in 2020, which was at the upper end of OECD estimates, giving the organisation confidence that the figure for 2022 was more than $100bn (although not all of the climate finance for last year can yet be counted).
The amount delivered this year will almost certainly also be greater than $100bn, according to the report.