London, 9 Sept (EFE).- The United Kingdom Prime Minister Rishi Sunak announced on Sunday at the end of the G20 summit in India a contribution of £1.6 billion ($2 billion) to the Green Climate Fund, responding to a call by his Indian counterpart Narendra Modi to increase support for developing countries.
Sunak marked the end of the Group of Twenty meeting in New Delhi by urging his colleagues to make efforts to cut carbon emissions and support vulnerable economies ahead of the upcoming COP28 climate summit in the United Arab Emirates, Downing Street said in a statement.
The UK’s contribution, which covers the period 2024-27, represents a 12.7% increase on its contribution for 2020-2023, the UK government said.
Established in 2010 under the Cancún Agreement, the GCF is the financial mechanism of the United Nations Framework Convention on Climate Change and the Paris Agreement and aims to help the international community achieve its mitigation and adaptation goals.
The contribution announced by Sunak is part of the UK Government’s pledge of around £11.6 billion ($4.46 billion) to international climate finance, the release 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,” the prime minister said.
“This is the kind of leadership that the world rightly expects from G20 countries. This Government will continue to lead by example in making the UK, and the world, more prosperous and secure,” he added, according to the statement. EFE