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The United Kingdom will inject more than 1.8 billion into the Green Climate Fund

Date: May 30, 2024 Time: 22:05:32

British Prime Minister Rishi Sunak announced at the closing of the G20 summit in India this Sunday a contribution of 1,620 million pounds (1,885 million euros) to the Green Climate Fund (GCF), in response to an appeal from his Indian counterpart, Narendra Modi, to increase support for developing nations.

In this way, Sunak marks the closing of the meeting in New Delhi of the Group of Twenty, in which he has asked his counterparts to make efforts in view of the next COP28 climate summit in the United Arab Emirates (UAE) to reduce greenhouse gas emissions. carbon and support vulnerable economies, Downing Street said in a statement. The United Kingdom’s contribution, which covers the period 2024-27, represents an increase of 12.7% compared to what it made in 2020-2023, says the Government of London.

Created in 2011, the GCF is the financial mechanism of the United Nations Framework Convention on Climate Change, which seeks to help achieve the mitigation and adaptation objectives of the international community. The British contribution is part of the commitment of the Executive of this country to allocate some 11.6 billion pounds (13.5 billion euros) in international climate financing, the note indicates.

“The UK is stepping up and delivering on our climate commitments, both by decarbonising our economy and supporting the world’s most vulnerable to tackle the impact of climate change,” Sunak told the G20. “This is the kind of leadership the world expects from G20 countries. This Government will continue to lead by example to make the UK and the world more prosperous and secure,” he added, according to the statement.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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