Climate finance has continued to grow with developed countries providing and mobilising $132.8 billion in climate finance for developing countries in 2023 and $136.7 billion in 2024, according to new OECD data.
The latest 2025 NDC Synthesis Report, released ahead of COP 30 in Belem, paints a mixed picture of global climate ambition. And while nations are showing unprecedented commitment to cutting greenhouse gas emissions and embedding climate action into national policy, the pace of progress remains well short of the Paris Agreement’s 1.5 deg C target.
