UK Pledges Record $2 Billion to Global Climate Fund at G20 Summit

UK announces record $2 billion aid to Green Climate Fund at G20 Summit
Biggest single funding by UK to tackle climate change globally
Fund established by 194 countries post Copenhagen Accord
UK aid ups its contribution to climate finance pledge of £11.6 billion
UK has cut emissions faster than any other G7 country

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Relevant topic timeline:

8/21/2023

Investor pressure group urges G20 to reform agricultural subsidies

A group of investors managing $7.3 trillion in assets has called on the G20 countries to align agricultural subsidies with climate and nature goals by the end of the decade, citing concerns over the risks to investment portfolios and the environmental damage caused by subsidies.

9/6/2023

Developing countries propose $100bn climate damage fund

Developing countries propose a new U.N. fund that would unlock at least $100 billion by 2030 to address irreversible damage caused by climate change, but there are disagreements among nations on who should pay into the fund and who should benefit from it.

9/9/2023

G20 Unanimously Adopts Green Pact to Tackle Climate Change, Ensure Sustainable Growth for Future Generations

G20 leaders have adopted a green development pact to address the challenges of environment and climate change, emphasizing the pursuit of sustainable economic growth and development.

9/10/2023

Sunak Pledges $2 Billion for UN Climate Fund at COP27, Underscoring UK's Ongoing Commitment to Tackling Climate Change

UK Prime Minister Rishi Sunak has pledged $2 billion to the UN's Green Climate Fund, following the adoption of a 'green development pact' by G20 leaders to address environmental and climate challenges and support developing countries.