Developed countries have finally met their $100bn annual climate financing goal for developing nations for the first time in 2022, according to the Organisation for Economic Co-operation and Development (OECD). The commitment, made at the UN climate summit in Copenhagen in 2009, was to help poorer countries mitigate and adapt to climate change, and was due to be reached by 2020. However, the target was not met until two years after the deadline, leading to developing nations' resentment and doubts about future funding promises. The new finance figure for 2022 represented a 30% increase on 2021 and will form the basis of discussion for a new climate finance goal to be agreed at the COP29 summit in November. Meanwhile, the UK government has been accused of "greenwashing" after it emerged that almost two-thirds of its "climate finance" was actually spent on fossil fuels, according to a report from the Development Studies Association.