%20(500%20%C3%97%20280%20px)%20(500%20x%20300%20px)%20(18).png "OECD 2022: Developed Nations Funded $115.9B for Climate Change in Developing Countries")
- Developed countries provided and mobilised a total of USD 115.9 billion in climate finance for developing countries in 2022.
- This is the first time the annual goal of USD 100 billion has been exceeded.
- Public climate finance accounted for close to 80% of the total in 2022.
- Adaptation finance reached USD 32.4 billion in 2022, three times the 2016 level.
- Mitigation represented 60% of the total.
- Private finance mobilised by public climate finance grew by 52%.
- The report underscores the need for international providers to significantly scale up their efforts in adaptation finance and the mobilisation of private finance.
Question:
1. How much did developed countries provide and mobilise in climate finance for developing countries in 2022?
- A) USD 115.9 billion
- B) USD 100 billion
- C) USD 80 billion
- D) USD 150 billion
