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G7 agrees to increase climate finance, calls on others to join

 Reuters | , Carbis Bay, England

PUBLISHED ON JUN 13, 2021 04:55 PM IST

In a joint communique, G7 countries agreed to meet an overdue spending pledge of $100 billion a year to help poorer countries.

 

The Group of Seven nations agreed on Sunday to increase their climate finance contributions and meet an overdue spending pledge of $100 billion a year to help poorer countries, calling on other developed countries to join the effort.

 

In a copy of a joint communique following a weekend meeting of the world's seven largest advanced economies, the G7 said: "We reaffirm the collective developed countries goal to jointly mobilise $100 billion/year from public and private sources, through to 2025, in the context of meaningful mitigation actions and transparency on implementation."

 

"Towards this end, we commit to each increase and improve our overall international public climate finance contributions for this period and call on other developed countries to join and enhance their contributions to this effort."

 

(Source: https://www.hindustantimes.com/world-news/g7-agrees-to-increase-climate-finance-calls-on-others-to-join-101623583228009.html)