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UK to contribute $2bn to support climate fund

According to the World Meteorological Organisation, there is a 66% chance that for at least one year between 2023 and 2027, the annual average near-surface global temperature will be greater than 1.5°C over pre-industrial levels. Photo: Radio Nigeria Archives

The United Kingdom is to contribute $2 billion to the Green Climate Fund (GCF), which was established by 194 countries following the Copenhagen Accord at COP15.

At a gathering of G20 leaders in India concludes, the Prime Minister Rishi Sunak made the announcement of UK’s biggest single financial contribution to helping the world’s most vulnerable people adapt to and mitigate the impact of climate change.

According to a statement by the British High Commission in Lagos, the GCF is the largest global fund dedicated to supporting developing countries to reduce global emissions and helping communities adapt to the effects of climate change.

It states that the pledge represents a 12.7% increase on the UK’s previous contribution to the GCF for the period of 2020 to 2023, which was itself a doubling of the UK’s initial funding.

At the G20 Summit, the Prime Minister called on leaders to work together ahead of the COP28 Summit this December to reduce their countries’ carbon emissions and support vulnerable economies to deal with the consequences of climate change.

Writing by Hamza Alkali; Editing by Muzha Kucha and Julian Osamoto