Climate Finance Shadow Report 2023: Assessing the delivery of the $100 billion commitment
Titre2023 : les vrais chiffres des financements climat : Évaluation du respect de l’engagement de 100 milliards de dollars
Dejgaard, Hans Peter
Climate change adaptation
Climate change mitigation
Intergovernmental Panel on Climate Change (IPCC)
UN Framework Convention on Climate Change (UNFCCC)
MetadataShow full item record
Document typeBriefing paper
In 2009, high-income countries committed in the Copenhagen Accords to mobilize US$100 billion a year by 2020 in climate finance for low- and middle-income countries. Oxfam reported on the progress of this commitment in 2016, 2018 and 2020. This year’s report finds that high-income countries have not only failed to deliver on their commitment, but also – as in previous years – generous accounting practices have allowed them to overstate the level of support they have actually provided. Moreover, much of the finance has been provided as loans, which means that it risks increasing the debt burden of the countries it is supposed to help.
This paper calls on high-income countries to accelerate the mobilization and provision of climate finance, and to make up the shortfall from previous years, in a way that is equitable and just. High-income countries must provide finance that is transparent, with genuine accountability mechanisms, and that allows for far more local ownership and responsiveness to the needs of communities it is intended to reach. People on the frontlines of the climate crisis must have the funding they were promised for adaptation and mitigation, and to address the loss and damage they are already experiencing as a result of climate impacts.