---
title: "USD 100 billion per year — Definition & Meaning"
description: "The USD 100 billion per year is a climate finance pledge by developed countries to support developing nations, crucial for global climate action."
url: "https://modeldiplomat.com/learn/glossary/usd-100-billion-per-year"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- The USD 100 billion per year is the climate finance pledge by which developed countries committed to mobilise that sum annually by 2020 to support developing-country mitigation and adaptation.
- When and where was the USD 100 billion per year goal first pledged?
- What replaced the USD 100 billion goal?
- Why do developing countries criticise the 'mobilisation' framing?

[Civil Service & Diplomatic Exams](https://modeldiplomat.com/learn/civil-services/glossary)Updated June 22, 2026

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At COP29 in Baku in November 2024, developed countries agreed to replace the USD 100 billion per year goal with a New Collective Quantified Goal of USD 300 billion per year by 2035, which India's negotiator called "abysmally poor."

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