A fair share of climate finance? An appraisal of past performance, future pledges and prospective contributors

Developed countries have committed to providing and mobilising $100 billion of climate finance each year between 2020 and 2025. However, they fell short of this target in 2020 and 2021, and look likely to do so again in 2022. To date, failure to deliver on the climate finance goal has been laid at the feet of developed countries collectively, with little analysis going into which ones are primarily responsible for the gap, or even what constitutes a ‘developed country’. This paper provides new evidence to apportion responsibility for the climate finance gap.