Wealthy nations finally met $100bn climate finance goal in 2022, OECD confirms

Cecilia Keating
clock • 5 min read
A severe cyclonic storm in the Khulna District, Bangladesh | Credit: iStock
Image:

A severe cyclonic storm in the Khulna District, Bangladesh | Credit: iStock

Developed nations collectively mobilised $115.9bn in climate finance for developing countries in 2022, the first time thee $100bn collective annual goal has been met

Developed countries finally achieved their annual goal to collectively mobilise $100bn in climate finance for developing nations in 2022, albeit two years behind schedule, according to the Organisation...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Climate change

WMO: World set to face yet more record hot years this decade

WMO: World set to face yet more record hot years this decade

UN's World Meteorological Organisation warns it is 'very likely' that global temperatures will temporarily exceed 1.5C for at least one year by 2030

clock 28 May 2026 • 4 min read
'Profound implications': Study finds Arctic Ocean ecosystem may have already passed 'major tipping point' in 2009

'Profound implications': Study finds Arctic Ocean ecosystem may have already passed 'major tipping point' in 2009

Irreversible shift in Arctic Ocean chemical make-up driven by climate change has disrupted the region’s food chain for more than a decade, study suggests

Stuart Stone
clock 28 May 2026 • 4 min read
Report: Dairy and coffee firms found 'lagging' behind on tackling methane emissions

Report: Dairy and coffee firms found 'lagging' behind on tackling methane emissions

Research from Changing Markets Foundation finds only three of 23 companies assessed have methane targets in place

clock 27 May 2026 • 5 min read