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Elaf from London: On the sidelines of the climate summit in Sharm el-Sheikh, Egypt (COP27), the United Kingdom pledged new support to developing countries to tackle climate change.
On Monday, British Foreign Secretary James Cleverley, who will attend the summit, will announce a portfolio of more than £100 million of investments to support developing economies to respond to climate-related disasters and adapt to the effects of climate change. Goals set at COP26.
COP26 will sensibly urge international partners to accelerate progress towards achieving the goals.
In Sharm el-Sheikh, the British Foreign Secretary will call for concrete action to meet the commitments made at COP26 in Glasgow and support developing economies to deal with the effects of climate change.
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Meanwhile, Prime Minister Rishi Sunak is expected to make announcements on adaptation at a conference on Monday, including a tripling of funding for adaptation projects from £500m in 2019 to £1.5bn in 2025.
Wise will argue that long-term prosperity depends on climate change and increased investment in renewable energy around the world, the Foreign Office said, citing the impact of Russia’s illegal occupation of Ukraine on the global economy.
Foreign Secretary James wisely said: “The Glasgow Climate Charter has given the world the tools to limit global temperature rise to 1.5 degrees and build a safe and sustainable future.
“It is time for all countries to step up their actions on climate change and bring about the necessary concrete change,” he added.
He wisely insisted that the United Kingdom would continue to take the lead in this work. “The funding we have announced will help countries face the devastating impact of climate change to effectively adapt,” he said.
The Foreign Secretary will today announce that the UK will provide £20.7 million in Disaster Risk Funding to help countries facing climate-related disasters, provide insurance and fast access to reliable funding after a disaster.
For example, this funding will allow the World Food Program to secure food supplies for nearly 5 million people in 23 countries at risk during climate-related disasters, and help small island developing states build resilience to extreme weather events.
The support is part of a commitment to spend £120m on disaster risk financing in the UK G7 in Corbys Bay, Cornwall by 2021.
The UK will also announce a range of new funding to support countries adapt to the long-term effects of climate change. The UK will spend £13 million on efforts to help vulnerable countries adapt to climate impacts and avoid, reduce and address loss and damage, including new funding for the Santiago Network, an organization supporting vulnerable countries to access technology. . Adaptation assistance.
Nigeria and Colombia
In Nigeria, the UK will provide £95m of investment to support the development of climate-resilient agricultural projects, for example by scaling up heat-tolerant crop varieties. The fund will help more than 4 million people, including 2 million women, increase productivity while reducing emissions.
In a meeting with his Colombian counterparts, the foreign minister will sign a memorandum of understanding with Colombia to renew the “Partnership for Sustainable Development”, deepen bilateral cooperation on climate change, and increase efforts to protect and restore natural and biological diversity on land. the sea Environmental systems.
Under the UK’s COP presidency, almost all climate finance providers from developed countries have made new and forward-looking commitments to climate finance, doubling or quadrupling support for developing countries to take climate action.
A progress report on the Climate Finance Implementation Plan reiterated that more than $500 billion will be raised over the five-year period 2021-2025 and that the climate finance target will be met by 2023.
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