There is a six out of 10 chance an agreement on climate finance will be reached before the forthcoming COP26 climate change summit, U.K. Prime Minister Boris Johnson has said.
Last week, the OECD said climate finance provided and mobilized by developed countries amounted to $79.6 billion in 2019.
"The limited progress in overall climate finance volumes between 2018 and 2019 is disappointing, particularly ahead of COP26," Mathias Cormann, the OECD's secretary-general, said in a statement reacting to the numbers.
"While appropriately verified data for 2020 will not be available until early next year it is clear that climate finance will remain well short of its target," Cormann said.
Monday will see Johnson and U.N. Secretary-General António Guterres hold what's being described as an "informal leaders roundtable on climate action."
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