Translations:Paris Agreement/61/en
Ensuring finance
Developed countries reaffirmed the commitment to mobilize $100 billion a year in climate finance by 2020, and agreed to continue mobilising finance at this level until 2025. The money is for supporting mitigation and adaptation in developing countries. It includes finance for the Green Climate Fund, which is a part of the UNFCCC, but also for a variety of other public and private pledges. The Paris Agreement states that a new commitment of at least $100 billion per year has to be agreed before 2025.