Climate Finance Short-Changed, 2024 Update: Estimating the real value of the $100 billion commitment for 2021-22In 2009, rich countries promised to ramnp up climate finance to $100bn a year by 2020 to support climate action in lower-income countries low- and middle-income countries. According to the OECD, climate finance in 2022 stood at nearly $116 billion, reaching an surpassing the level originally promised for 2020.
In this new analysis, Oxfam estimates the impact of generous accounting pracitices that lead to significant over-estimation of provided support. By that estimate, the actual, support effort by developed countries specifically targeting climate action may have amlounted to a mere $28-35 billion, much lower than what officially reported figures seem to suggest.
This Methodoloy Note explains how the estimate was calculated. more ...
10 things to know about climate finance (2024)The publication by Heinrich-Böll-Foundation provides an overview of the most important developments and facts on international climate finance in 2024. more ...
