News

Rich countries met US$100 billion climate-finance goal by ‘relabelling existing aid’

Billions of dollars of foreign aid have been reclassified as ‘climate finance’, thereby helping rich countries to meet a long-overdue target, according to new analysis.

rich-countries-met-us$100-billion-climate-finance-goal-by-‘relabelling-existing-aid’

Billions of dollars of foreign aid have been reclassified as ‘climate finance’, thereby helping rich countries to meet a long-overdue target, according to new analysis.