United Kingdom announces major new package of climate support at Conference of the Parties (COP27)

  • Date: 07-Nov-2022
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:Egypt
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United Kingdom announces major new package of climate support at Conference of the Parties (COP27)

PM to launch major international climate package to deliver on the UK’s Glasgow legacy at COP27; new announcements include £65.5m for green tech innovation and significant clean energy investments with Kenya and Egypt; UK will also launch a new Forests and Climate Leaders’ Partnership and confirm more than £150m for protecting rainforests and natural habitats, including the Congo Basin and Amazon; Rishi Sunak will reaffirm the UK’s steadfast commitment to supporting countries on the frontline of climate change.

Prime Minister Rishi Sunak will cement the UK’s COP legacy with a series of announcements on energy transition, climate financing and forest and nature preservation, as he hands over the baton to Egypt at COP27 today [Monday 7th November].

The UK continues deliver on our key funding commitments, spending £11.6 billion on international climate finance. Recognising the existential threat climate change is already posing around the world – from catastrophic floods in Pakistan to drought in Somalia – the Government will commit to triple funding for climate adaptation as part of that budget, from £500m in 2019 to £1.5bn in 2025.

The Prime Minister will also host an event later today to launch the Forests and Climate Leaders’ Partnership. The new group, initially comprising 20