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The Guardian - UK
The Guardian - UK
World
Fiona Harvey Environment editor

Rich countries hit $100bn climate finance goal two years late, data shows

People walk through flood water in Mazive, southern Mozambique
People walk through flood water in Mazive, southern Mozambique, in 2019. Photograph: Emidio Josine/AFP/Getty Images

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.

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