Japan pledge brings $100 billion climate funding target closer, U.S. envoy says

U.S. Special Presidential Envoy for Climate John Kerry speaks during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. REUTERS/Yves Herman

GLASGOW (Reuters) - The developed world's $100 billion climate financing target could be met a year earlier than expected, U.S. climate envoy John Kerry said on Tuesday, citing new commitments made earlier in the day by Japan.

In 2009, the developed countries most responsible for global warming pledged to provide $100 billion per year by 2020 to help developing nations deal with its consequences. That commitment is currently not expected to be met until 2023.