OECD Analysis Shows Upward Trend in Climate Finance

A statement from World Resources Institute President and CEO Dr. Andrew Steer regarding an OECD report that found climate finance commitments from developed countries and multilateral banks rose to $62 billion in 2014, indicating progress toward the $100 billion annual goal for 2020.

• An OECD report, supported by the Climate Policy Institute, found that developed countries and multilateral banks committed $62 billion in climate finance in 2014. This is an increase from the $52 billion committed in 2013 and is viewed as a trend that makes the target of $100 billion per year by 2020 achievable.
• Dr. Andrew Steer notes that recent financial contributions from France, the UK, and development banks such as the ADB suggest the upward trend in climate finance will continue. He also mentions a financial contribution from China, though it is not counted toward the $100 billion goal.
• The OECD findings align with a WRI working paper titled 'Getting to $100 Billion: Climate Finance Scenarios and Projections to 2020', and both documents highlight a requirement for improved transparency regarding climate finance.

APA

Steer, A. (2015). OECD Analysis Shows Upward Trend in Climate Finance. World Resources Institute. https://www.wri.org/news/statement-oecd-analysis-shows-upward-trend-climate-finance

Chicago

Steer, Andrew. OECD Analysis Shows Upward Trend in Climate Finance. World Resources Institute, 2015. https://www.wri.org/news/statement-oecd-analysis-shows-upward-trend-climate-finance.

Wikipedia

{{cite press release |last1=Steer |first1=Andrew |title=OECD Analysis Shows Upward Trend in Climate Finance |publisher=World Resources Institute |date=7 October 2015 |url=https://www.wri.org/news/statement-oecd-analysis-shows-upward-trend-climate-finance |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{steer2015oecd, author = {Steer, Andrew}, title = {{OECD Analysis Shows Upward Trend in Climate Finance}}, publisher = {World Resources Institute}, year = {2015}, month = oct, url = {https://www.wri.org/news/statement-oecd-analysis-shows-upward-trend-climate-finance}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }