OECD Reports Record 136.7 Billion in Climate Finance

Developed nations provided a record $136.7 billion in climate finance to poorer countries in 2024. The total rose 3% from 2023 levels, according to an OECD report. The data tracks the progress of global financial commitments as developing nations tie their emission-reduction goals to the delivery of promised aid.

### Meeting the $100 Billion Milestone The 2024 figures confirm that wealthy nations have surpassed the $100 billion annual target first established in 2009. While that goal was originally set for 2020, it was met for the first time in 2022. The funds were allocated toward expanding renewable energy capacity and strengthening infrastructure against extreme weather events.