Climate warning


Climate warning

It's high time for the Organization of Economic Co-operation and Development (OECD) to walk the talk of climate pledges!

Official Development Assistance (ODA) is the financial instrument used by the 38 member countries of the development assistance committee (DCA) of the OECD to promote the economic development and welfare of 150 developing countries. Climate objectives are integral part of DCA targets, which is financed at USD 44 billion in 2020 out of total USD 161.2 billion ODA. A long-standing United Nations target is that developed countries should devote 0.7% of their gross national income (GNI) to developing countries annually. However only a few countries from the DCA have been committed to this pledge, these countries include the Luxembourg, Sweden, Finland, Norway, and Turkey (based on 2021 data). DCA member countries are currently contributing only at 0.33% equivalent of their NGI in 2021 (USD 169.2 billion), and more efforts could be done to influence DCA to achieve this pivotal financial target. Developing countries are striving to receive such financial flows to continue implementing national climate actions, and without sustainable and abundant financial flows they might be left behind. Accordingly OECD should work hard and smart to ensure that DCA is delivering its ODA at 0.7% of their NGI because that would probably enables DCA to deliver financial flows to developing countries at about USD 359 billion annually. Bold Plans, should be followed by Bold Actions, #COP27

Do you agree?

82 more agrees trigger contact with the recipient

  • Musaad Abdullah

    28 w

    Hope this will be adopted by COP27

    • Muhammad Fahd Khan

      29 w

      Yes, good actions from them are overdue

      • Tabitha Kimani

        31 w

        I totally agree. The developing countries should be assisted so that all of us move together towards meeting the goals. Funding will also be required to assist in dealing with climate change impact like the floods and famine.

        • Sarah Chabane

          31 w

          Yes! These countries should take the climate ceisis seriously

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