Climate change aid to poor nations lags behind Paris pledges

Donor nations’ 2020 target of $100bn annual fund for adapting economies falls short by near 50% says Oxfam

Finance for poor countries to help them reduce their greenhouse gas emissions and deal with climate change is lagging behind the promises of rich countries, an Oxfam report finds.

While taxpayer-funded finance has increased, and the private sector has stepped up with some initiatives, the amount raised could still fall short of the goal of providing $100bn a year to the developing world by 2020.

Related: World leaders hail Paris climate deal as ‘major leap for mankind’