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New Delhi: British Prime Minister Rishi Sunak has announced a record climate aid pledge ahead of the G20 summit in India, the British High Commission in India said on Sunday. The UK will provide $2 billion, the largest financial commitment by the UK to help the world tackle climate change, to the Green Climate Fund (GCF), which was established after 194 countries signed the Copenhagen Agreement at COP15.
“Uplift makes a significant contribution to the UK’s commitment of £11.6 billion to international climate finance, cementing our global climate leadership,” the British High Commission said in a press release. “The UK continues to demonstrate global climate leadership, reducing emissions faster than any other G7 country.”
This is the largest financial contribution the UK has ever made to help the world’s most vulnerable people adapt to and mitigate the effects of climate change. The Green Climate Fund is the world’s largest fund dedicated to supporting developing countries in reducing global emissions and helping communities adapt to the impacts of climate change.
The press release added that today’s commitment represents a 12.7% increase on the UK’s previous contribution to the Green Climate Fund for the period 2020-2023, which itself was double the initial funding when we established the Fund in 2014.
At the G20 summit, British Prime Minister Sunak called on leaders to work together to reduce their respective countries’ carbon emissions and support vulnerable economies in coping with the consequences of climate change before the COP28 summit in December this year.
“The UK is stepping up efforts to deliver on our climate commitments, including decarbonising our own economy and supporting the world’s most vulnerable countries in dealing with the impacts of climate change,” Sunak said in a speech to G20 leaders.
“This is the kind of leadership the world rightly expects from G20 countries. This government will continue to lead by example, making Britain and the world more prosperous and secure,” he added.
The UK has been working to push the international community to help developing countries tackle climate change, including pledging £11.6 billion in international climate finance between 2021 and 2026. The announcement marks the UK’s “significant contribution to this commitment, following the Prime Minister’s announcement at COP27 that the UK will triple its funding for climate adaptation,” the press release said.
Sunak, accompanied by his wife Akshata Murthy, visited the Akshardham temple on the last day of the G20 summit. From the temple, he reached the Mahatma Gandhi Mausoleum and paid tribute to Mahatma Gandhi along with other G20 leaders.
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