OECD Climate Change

Aligning finance and investment for climate action

The OECD is building on its broad range of expertise to support the alignment of all forms of finance with the objectives of the Paris Agreement and with broader sustainability goals, across the finance, investment and development finance communities. This includes a particular focus on sustainable finance for developing countries, green public procurement, and a focus on supporting private sector-led action on climate change.

Climate finance

Annual climate finance provided and mobilised by developed countries for developing countries.

The OECD’s seventh assessment of progress towards the UNFCCC goal finds that in 2022 developed countries provided and mobilised a total of USD 115.9 billion in climate finance for developing countries, exceeding the annual USD 100 billion goal for the first time. This achievement occurs two years later than the original 2020 target year, but one year earlier than in projections produced by the OECD prior to COP26. 

Released on 29 May 2024: Climate Finance Provided and Mobilised by Developed Countries in 2013-2022.

Driving transformative change in the financial system

Finance mechanisms

Subnational Government Climate Finance

Given the urgency of the climate crisis, it is more important than ever to improve our understanding of the financial role of subnational governments in the transition. The OECD is tracking progress in regions and cities and identifying areas where further action is needed.

Find out more
Blended finance

Blended finance is an innovative approach for donor governments, development co-operation agencies, philanthropies and other stakeholders, to attract commercial capital towards projects that contribute to sustainable development, while providing financial returns to investors.

Find out more
Institutional investment

Building green is imperative to achieve global climate and development commitments. Private investment in particular is needed to bridge the infrastructure investment gap, given institutional investors’ large pools of long-term capital. Where do investments stand today?

Find out more
Environmental, Social and Governance investing

A growing number of institutional investors and funds now incorporate various ESG investing approaches, spurred by shifts in demand for better alignment between societal values and long-term financial value.

Find out more