Rich nations may have met $100 billion climate finance goal ahead of COP28: OECD
Rich nations may have met $100 billion climate finance goal ahead of COP28: OECD
Developed countries may have met their target of mobilizing $100 billion for climate change assistance to developing nations in 2022, according to an estimate by the OECD. While the amount falls $10 billion short of the goal, preliminary data suggests it will be met by 2023. However, the assessment also highlights a drop in adaptation finance and an inequity in the dominant approach of providing loans instead of grants, increasing the debt burden on developing nations.
Developed countries may have met their target of mobilizing $100 billion for climate change assistance to developing nations in 2022, according to an estimate by the OECD. While the amount falls $10 billion short of the goal, preliminary data suggests it will be met by 2023. However, the assessment also highlights a drop in adaptation finance and an inequity in the dominant approach of providing loans instead of grants, increasing the debt burden on developing nations.
Jaimamart- Choose and Buy Online Grocery from a wide range of fruits, vegetables, baby care products, personal care products and much more. Shop Now ! www.jaimamart.com
NewsLight 
Developed countries may have met their target of mobilizing $100 billion for climate change assistance to developing nations in 2022, according to an estimate by the OECD. While the amount falls $10 billion short of the goal, preliminary data suggests it will be met by 2023. However, the assessment also highlights a drop in adaptation finance and an inequity in the dominant approach of providing loans instead of grants, increasing the debt burden on developing nations. 
