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Climate Finance Skews to Wealthy Nations, Poor Left Behind

11/14/2025

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Summary

Story summary

The Guardian and Carbon Brief report that climate finance flowed to China and wealthy petrostates, including Saudi Arabia and the United Arab Emirates, despite a pledge to provide $100 billion annually.
In 2021 and 2022, about 20% of climate funding went to the poorest countries, often as loans that worsen debt, spurring calls for reform.
A new target seeks $300 billion annually by 2035.

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Story summary

The Guardian and Carbon Brief report that climate finance flowed to China and wealthy petrostates, including Saudi Arabia and the United Arab Emirates, despite a pledge to provide $100 billion annually.
In 2021 and 2022, about 20% of climate funding went to the poorest countries, often as loans that worsen debt, spurring calls for reform.
A new target seeks $300 billion annually by 2035.