Global lenders’ climate finance hits record $137bn in 2024

ISLAMABAD: Global climate finance provided by multilateral development banks (MDBs) rose by 10 per cent in 2024, reaching a record $137 billion, with the bulk directed to low and middle-income economies, according to a new report. Private finance mobilised by MDBs for climate action also climbed sharply, reaching $134bn in 2024 — a 33pc increase from the previous year. High-income…

Source: https://www.dawn.com/news/1941833/global-lenders-climate-finance-hits-record-137bn-in-2024