SDG #13 is to “Take urgent action to combat climate change and its impacts”
Within SDG #13 are 5 targets, of which we here focus on Target 13.a:
Implement the commitment undertaken by developed-country parties to the United Nations Framework Convention on Climate Change to a goal of mobilizing jointly $100 billion annually by 2020 from all sources to address the needs of developing countries in the context of meaningful mitigation actions and transparency on implementation and fully operationalize the Green Climate Fund through its capitalization as soon as possible
Target 13.a has one indicator:
Indicator 13.a.1: Amounts provided and mobilized in United States dollars per year in relation to the continued existing collective mobilization goal of the $100 billion commitment through to 2025
The text of this target specified a 2020 target date. Developed countries missed this. They were not able to provide the committed $100 billion to the Green Climate Fund for developing countries. The official indicator for this target now has an extension to 2025.
In the years between 2015 and 2020, the world paid only a total of around $50 billion per year to the Green Climate Fund. This is half of the modest sum of the committed $100 billion, equal to 0.1 of the gross world product (GWP). This annual figure rose only $5 billion since the start of the SDG period in 2015.