The United Kingdom said it will contribute as much as $2 billion to the Green Climate Fund (GCF) to tackle climate change.
The UK Prime Minister Rishi Sunak made the announcement on this on Sunday at the concluding day of the G20 Summit in Delhi.
This is reportedly the biggest single funding commitment made by the UK to help the world tackle climate change.
At the G20 Summit, UK PM Sunak also gave a clarion call to leaders to work together and reduce their carbon emissions ahead of the COP28 Summit, scheduled to take place this December.
The Green Climate Fund (GCF) was established by 194 countries following the Copenhagen Accord at COP15 to help the world tackle climate change.
“Uplift makes a significant contribution towards the UK’s pledge to spend 11.6 billion Pounds on international climate finance, cementing our global climate leadership. The UK continues to show global climate leadership, having cut emissions faster than any other G7 country,” the British High Commission in India said in a media release.
The contribution will prove to be the UK’s biggest ever aid to deal with the issue. It will also pave way for similar contributions by other developed nations in future.
The $2 billion aid marks a 12.7 percent increase on the UK’s previous contribution to the GCF for the period of 2020-23.
Sunak calls for G20 climate action
At the G20 Summit, Sunak said the UK is stepping up and delivering on its climate commitments, both by decarbonising its own economy and supporting the world’s most vulnerable to deal with the impact of climate change.
“This is the kind of leadership that the world rightly expects from G20 countries. And this government will continue to lead by example in making the UK, and the world, more prosperous and secure,” he said.
The UK has pledged to spend 11.6 billion pounds on international climate finance between 2021 and 2026. “This announcement marks a major contribution towards this commitment and follows the Prime Minister’s announcement at COP27 that the UK would triple our funding for climate adaptation,” according to the media release.
Follow us on
