G7 countries have agreed to raise climate finance contributions.
Gatekeepers News reports that the Group of Seven countries on Sunday agreed to increase their climate finance contributions to meet an overdue spending pledge of $100 billion a year.
The G7 also called on other developed countries to join the effort in a bid to help poorer countries.
A joint communique issued at the end of a weekend meeting of the world’s seven largest advanced economies, the G7 reads: “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.”
