CashNews.co
Despite the 2009 COP15 pledge by developed nations to jointly provide $100 billion annually by 2020 to help developing countries combat and adapt to climate change, this target has yet to be fully met, leading to a substantial shortfall. The report revealed that only 12 developed nations contributed their fair share in 2022, including Norway, France, Germany, and Japan. Major economies such as the United States, Australia, Spain, and the United Kingdom fell short in their contributions, creating a significant gap in climate finance.