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Rich nations face bigger climate-finance challenge

OECD United Nations Murat Kurum Donald Trump Paris

"Promises must be kept," says Turkish Climate Minister Murat Kurum, who will chair the COP31 climate meeting in November. (Photo: AFP)

PARIS - Wealthy countries topped their $100-billion annual climate finance goal for poorer nations for the third straight year in 2024, the OECD said Thursday, but questions are growing over their ability to meet a new larger pledge.

Developed nations had long fallen short of their commitment to mobilise $100 billion a year by 2020, finally hitting the target for the first time in 2022 after the deadline was extended to 2025.

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