OECD estimates climate finance flows at $60 billion

According to the Paris-based Organisation of Economic Cooperation and Development (OECD), climate finance flows increased from US$52.2 billion in 2013 to $61.8 billion in 2014.

There has been "significant progress" towards a 2009 promise from developed countries to deliver $100 billion a year in climate finance by 2020, it said.