Overall government support for fossil fuels in 51 countries worldwide almost doubled to USD 697.2 billion in 2021, from USD 362.4 billion in 2020, as countries struggled to balance competing objectives.

Developed countries provided and mobilised USD 83.3 billion for climate action in developing countries in 2020, according to new OECD analysis. While up 4% year-on-year, this fell short of the $100 billion target.

The Aid for Trade initiative helps developing countries access markets and engage in international trade. It disbursed a record USD 48.7 billion in 2020, with 7% of commitments allocated to COVID-19 related activities.

A new report highlights that while housing taxes play an important role in OECD countries, there is substantial room for reforms to enhance their equity, economic efficiency and revenues.