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Climate Aid
September 10, 2023

As a gathering of G20 leaders in India concludes on Sunday, the Prime Minister has announced the UK’s biggest single financial contribution to helping the world’s most vulnerable people adapt to and mitigate the impact of climate change.

The UK will contribute £1.62 billion ($2 billion) to the Green Climate Fund (GCF), which was established by 194 countries following the Copenhagen Accord at COP15. The GCF is the largest global fund dedicated to supporting developing countries to reduce global emissions and helping communities adapt to the effects of climate change.

Sunday’s pledge represents a 12.7% increase on the UK’s previous contribution to the GCF for the period of 2020 to 2023, which was itself a doubling of their initial funding to establish the fund in 2014.

At the G20 Summit the Prime Minister has called on leaders to work together ahead of the COP28 Summit this December to both reduce their countries’ own carbon emissions and support vulnerable economies to deal with the consequences of climate change.

Addressing G20 leaders, the Prime Minister said:
“The UK is stepping up and delivering on our climate commitments, both by decarbonising our 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.”

To find out more details please visit : https://www.gov.uk/

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