{"id":130923,"date":"2024-05-30T09:05:27","date_gmt":"2024-05-30T06:05:27","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/yleinen\/wealthy-nations-finally-met-100bn-climate-finance-goal-in-2022-oecd-confirms\/"},"modified":"2024-05-30T09:05:27","modified_gmt":"2024-05-30T06:05:27","slug":"wealthy-nations-finally-met-100bn-climate-finance-goal-in-2022-oecd-confirms","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/en\/yleinen\/wealthy-nations-finally-met-100bn-climate-finance-goal-in-2022-oecd-confirms\/","title":{"rendered":"Wealthy nations finally met $100bn climate finance goal in 2022, OECD confirms"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\" method=\"post\" data-trp-original-action=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button\" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/en\/wp-json\/wp\/v2\/posts\/130923\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/en\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>Developed countries finally achieved their annual goal to collectively mobilise $100bn in climate finance for developing nations in 2022, albeit two years behind schedule, according to the Organisation for Economic Co-operation and Development (OECD). In its seventh annual review of progress towards the $100bn goal published yesterday, the intergovernmental organisation counted $115.9bn of climate finance in total which it said had flowed from developing countries across 2022, marking a significant increase on the $89.6bn raised the previous year.<\/p>\n<p>The 2022 figures represent the first time richer nations have fulfilled their long-held pledge to mobilise $100bn annually from 2020 onwards for developing nations to reduce their emissions and adapt to rising temperatures and extreme weather, as had been agreed through the Paris Agreement process.<\/p>\n<p>Prior to 2022, richer nations&#8217; continued failure &#8211; particularly in 2020 and 2021 &#8211; to meet the $100bn climate finance goal that they first agreed to back in 2009 had seen the issue become a major flashpoint at annual UN climate talks. The issue has frayed trust between developed and developing nations, threatening to undermine negotiations over a raft of crucial climate issues surrounding the Paris Agreement, while also continuing to leave billions of people at risk from increasingly extreme and volatile weather driven by rising temperatures.<\/p>\n<p>But in its latest assessment yesterday, the OECD said the level of climate finance raised in 2022 had surpassed expectations, reaching a level that had not been anticipated to be reached before 2025. OECD secretary-general Mathais Cormann hailed the achievement of the totemic goal as a landmark moment that had potential restore trust between developed and developing nations.<\/p>\n<p>&#8220;Exceeding this annual commitment materially by more than 15 per cent is an important and symbolic achievement which goes some way towards making up for the two-year delay, which should help build trust,&#8221; he said. &#8220;We encourage developed countries to keep up the momentum, also to leverage it further with additional policy efforts to boost private climate finance. It will be important to sustain this level of elevated support through to 2025 while also increasing our ambition for the new post-2025 goal.&#8221;<\/p>\n<p>The OECD&#8217;s conclusions come as countries gear up for critical climate finance talks at the COP29 Climate Summit in Azerbaijan&#8217;s capital Baku this autumn, where they are tasked with agreeing a new, annual money-raising target for after 2025, known as the New Collective Quantified Goal on climate finance in the UN jargon. In a separate report published by the OECD this week, it sets out a range of options for policymakers to consider when finalising the New Collective Quantified goal on climate finance.<\/p>\n<p>&#8220;Multilateral providers and the private sector will be key to further bridging the investment gap, notably in areas such as clean energy, agriculture and resilience,&#8221; Cormann said. &#8220;For the post-2025 period, the scope and design of the New Collective Quantified Goal on climate finance must be more comprehensive and effective than the existing goal by optimising the roles of different actors, finance sources, and policy incentives in order to address the scale and range of climate-related finance needs.&#8221; The OECD&#8217;S 2022 climate finance data shows that public funds, from both bilateral and multilateral channels, continue to make up the bulk of climate finance, accounting for 80 per cent of the total raised over the year.<\/p>\n<p><a rel=\"noopener\" href=\"https:\/\/www.businessgreen.com\/news\/4266117\/wealthy-nations-finally-met-usd100bn-climate-finance-goal-2022-oecd-confirms\">Read more&gt;&gt;<\/a><\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.businessgreen.com\/news\/4266117\/wealthy-nations-finally-met-usd100bn-climate-finance-goal-2022-oecd-confirms\">Business Green<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/yleinen\/wealthy-nations-finally-met-100bn-climate-finance-goal-in-2022-oecd-confirms\/\">Wealthy nations finally met $100bn climate finance goal in 2022, OECD confirms<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22,1],"tags":[14746,606,607,608,14747,655],"class_list":["post-130923","post","type-post","status-publish","format-standard","hentry","category-news","category-yleinen","tag-climate-finance","tag-vau_viikkokatsaus","tag-vauen","tag-vaufien","tag-wealthy-nations","tag-yleinen"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/130923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/comments?post=130923"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/posts\/130923\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/media?parent=130923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/categories?post=130923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/en\/wp-json\/wp\/v2\/tags?post=130923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}