The OECD report analyses the climate finance provided and mobilised by developed countries from 2013 to 2022, highlighting progress towards the USD 100 billion annual goal set under the UNFCCC. Developed countries exceeded the goal in 2022, providing USD 115.9 billion in climate finance for developing countries, surpassing the target set for 2025. Public climate finance, mainly from bilateral and multilateral sources, accounted for nearly 80% of total climate finance in 2022, with a significant increase from 2013 to 2022. Private finance mobilised by public climate finance also rose, reaching USD 21.9 billion in 2022. Adaptation finance increased from USD 10.1 billion in 2016 to USD 32.4 billion in 2022, with private finance mobilised for adaptation growing from USD 0.4 billion to USD 3.5 billion. Climate finance was distributed across various sectors, with energy and transport accounting for the largest share of mitigation finance, while adaptation finance was more evenly spread. Multilateral institutions played an increasingly important role in climate finance provision and mobilisation. The report also notes challenges in attracting private investment for adaptation in developing countries and highlights the importance of grants in lower-income countries. The analysis is based on best-available data and a robust accounting framework, with data sources including Biennial Reports to the UNFCCC, OECD DAC and Export Credit Group statistics, and complementary reporting to the OECD. The report provides detailed insights into the distribution of climate finance across different income groups and regions, as well as the role of multilateral institutions in climate finance. The findings underscore the progress made towards the USD 100 billion goal and the need for continued efforts to ensure the achievement of the target.The OECD report analyses the climate finance provided and mobilised by developed countries from 2013 to 2022, highlighting progress towards the USD 100 billion annual goal set under the UNFCCC. Developed countries exceeded the goal in 2022, providing USD 115.9 billion in climate finance for developing countries, surpassing the target set for 2025. Public climate finance, mainly from bilateral and multilateral sources, accounted for nearly 80% of total climate finance in 2022, with a significant increase from 2013 to 2022. Private finance mobilised by public climate finance also rose, reaching USD 21.9 billion in 2022. Adaptation finance increased from USD 10.1 billion in 2016 to USD 32.4 billion in 2022, with private finance mobilised for adaptation growing from USD 0.4 billion to USD 3.5 billion. Climate finance was distributed across various sectors, with energy and transport accounting for the largest share of mitigation finance, while adaptation finance was more evenly spread. Multilateral institutions played an increasingly important role in climate finance provision and mobilisation. The report also notes challenges in attracting private investment for adaptation in developing countries and highlights the importance of grants in lower-income countries. The analysis is based on best-available data and a robust accounting framework, with data sources including Biennial Reports to the UNFCCC, OECD DAC and Export Credit Group statistics, and complementary reporting to the OECD. The report provides detailed insights into the distribution of climate finance across different income groups and regions, as well as the role of multilateral institutions in climate finance. The findings underscore the progress made towards the USD 100 billion goal and the need for continued efforts to ensure the achievement of the target.