Climate finance to help developing countries cope with and adapt to climate change reached $79.6 billion in 2019, more than $20 billion short of the $100 billion target collectively set by developed countries, the Organisation for Economic Co-operation and Development (OECD) said on Friday 17 September.
However, this represents a 2% increase on the 78.3 billion mobilised in 2018, thanks to a 15% increase in public climate finance provided by multilateral institutions. Bilateral official...