Climate Finance Provided and Mobilised by Developed Countries in 2013-2021 : Aggregate Trends and Opportunities for Scaling Up Adaptation and Mobilised Private Finance | Climate Finance and the USD 100 Billion Goal
16 November 2023
At the 15th Conference of Parties (COP15) of the UNFCCC in Copenhagen in 2009, developed countries committed to a collective goal of mobilising USD 100 billion per year by 2020 for climate action in developing countries, in the context of meaningful mitigation actions and transparency on implementation. The goal was formalised at COP16 in Cancun, and at COP21 in Paris, it was reiterated and extended to 2025. At the request of donor countries, the OECD has been tracking progress towards this goal since 2015. This report presents aggregate trends of annual climate finance provided and mobilised by developed countries for developing countries for the period 2013-2021. It includes breakdowns by climate theme, sector, financial instrument and region for the period 2016-21. The report also provides key recommendations for international providers to increase financing for adaptation and more effectively mobilise private finance for climate action, which are both key policy priorities and current bottlenecks.