At the 15th edition of the Conference of Parties or COP15 in 2009, developed countries had pledged to mobilise $100 billion per year by 2020 for climate action in developing nations.
On November 16, the Organisation for Economic Co-operation and Development (OECD), whichis an intergovernmental organisation of mostly developed countries, said the commitment was likely met, just for a year, in 2022. Developing nations, however, alleged that the promise is yet to be fulfilled.
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