At the G20 Summit, UK PM Rishi Sunak pledged a record $2 billion to the Green Climate Fund while highlighting the need for immediate climate action.
According to the British High Commission in India, on Sunday, ahead of the second day of the G20 Summit in New Delhi, UK Prime Minister Rishi Sunak announced a commitment of a record $2 billion to the Green Climate Fund (GCF), marking the largest single funding contribution by the UK to combat climate change on a global scale. The Green Climate Fund, which was created by 194 nations as part of the Copenhagen Accord at COP15, is essential for funding projects and programs that address climate change.
“Today’s pledge represents a 12.7% increase over the UK’s previous contribution to the GCF for the period of 2020-2023, which was itself a doubling of our initial funding to establish the fund in 2014,” a UK government release stated.
During his speech at the G20 Summit, Sunak stressed the necessity of taking urgent climate action and urged world leaders to join forces in their determination to cut carbon emissions and support countries dealing with the negative effects of climate change.
According to Sunak, who was quoted by the Prime Minister’s Office, “The UK is stepping up and delivering on our climate commitments, both by decarbonizing our own economy and helping the world’s most vulnerable to deal with the impact of climate change.”
“This is the caliber of leadership that the G20 nations should be exhibiting, in my opinion. And this government will continue to set an excellent example in fostering prosperity and security throughout the world, including in the UK, he said.
Key global issues, such as climate change, were discussed during the G20 Summit, which brought together the heads of the world’s greatest economies.
Following the prosperous G20 Summit, the focus will turn to the next COP28 Summit, when countries are anticipated to make crucial choices and promises to curb global warming and lessen its effects.
