Rich nations urged to honour $100bn pledge

The failure of rich countries to meet a pledge to give $100 billion per year to help developing nations tackle climate change is likely to dominate the COP27 climate summit in Egypt


CLIMATE FINANCE – Amount provided and mobilised by developed countries ($billions) 

2020: Rich countries fall $16.7bn short of target, and signal it will not be met until 2023

2023 goal: $100bn

100
 80							 80.4 	83.3 
 60		61.8			71.6	79.9
 40	52.4		44.6*	58.5
 20
  0
	2013 	2014 	2015 	2016 	2017 	2018 	2019 	2020 2021 2022 2023

Bilateral finance 
Multilateral finance†
Export credits 
Private finance
 
Developing nations also calling for “loss and damage fund” – to compensate those already affected by climate-related disasters


*No data for private finance in 2015

†Including financing through multilateral development banks


Sources: OECD, Reuters 
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