Rich nations to miss $100 bn climate fund goal even by 2025, says Oxfam

Data shows that the pace of boosting the funding slowed further in 2019, growing just 2% to $79.6 billion from 2018.

Developed countries’ pledges to provide $100 billion of annual financing, made over a decade ago and seen as key to unlocking upcoming climate talks, are unlikely to be met even five years after the target, according to a new report. 
 

That not only threatens the success at the United Nations climate talks in Glasgow starting in weeks, but also the aim of limiting global warming to 1.5 degree Celsius as part of the Paris Agreement, Oxfam International said in a study

“Wealthy nations must live up to their promise made 12 years ago and put their money where their mouths