OECD DAC Declaration on a New Approach to Align Development Cooperation with the Goals of the Paris Agreement on Climate Change (27.10.2021)

The members of the OECD Development Assistance Committee (DAC) issued a joint Declaration ahead of COP26 committing to align official development assistance (ODA), which totalled USD 161 billion in 2020, with the goals of the Paris Agreement on Climate Change.

This Declaration:

Prioritises the adaptation needs of developing countries, especially Least Developed Countries (LDCs) and Small Island Developing States (SIDS).
Commits to supporting partner countries’ own plans for just and equitable transitions towards net zero.
Acknowledges that we cannot reduce poverty and leave no one behind unless we also tackle climate change.
Recognises the need to mobilise more finance from a variety of sources (including from the private sector), and to incentivise innovation.

https://www.oecd.org/dac/development-assistance-committee/dac-declaration-climate-cop26.htm