SUNAK ANNOUNCES $2 BN TO GREEN CLIMATE FUND

UK commits USD 2bn to Green Climate Fund, its largest single funding commitment to tackle climate change

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The British Prime Minister, Rishi Sunak, has made a groundbreaking commitment to climate aid in the lead-up to the G20 Summit in India, according to an announcement by the British High Commission in India on Sunday.

In an unprecedented move, the United Kingdom has pledged USD 2 billion to the Green Climate Fund (GCF), marking the largest single funding commitment ever made by the UK to combat climate change on a global scale. The GCF, established by 194 countries following the Copenhagen Accord at COP15, is a vital initiative aimed at addressing climate related challenges. This substantial financial contribution not only underscores the UK’s dedication to international climate finance but also solidifies its position as a leader in the global climate movement. The British High Commission expressed pride in the UK’s emissions reduction efforts, highlighting that it has outpaced all other G7 nations in this regard.