Climate finance: How the 116-billion-dol • Table.Briefings

Climate action in developing and emerging countries costs hundreds of billions every year. External aid is a key component of the energy transition and adaptation to climate change.

According to OECD figures, developed countries mobilized almost 116 billion US dollars for climate financing in 2022. This is the first time they have exceeded the target of 100 billion. This boosts negotiations on a new climate finance target. Whether the trend will continue is unclear.

Shortly before the Bonn Climate Change Conference SB60 next week, positive news has come from climate finance: According to new OECD figures, developed countries mobilized 115.9 billion US dollars in climate finance for developing and emerging countries in 2022. This is the first time that the 100 billion target that developed countries exceeded the goals set for 2020 at COP15 in Copenhagen.

Climate finance: How the 116-billion-dollar success can help the negotiations in Bonn

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