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G7 agrees to increase climate finance, calls on others to join, World News & Top Stories

CARBIS BAY, ENGLAND (REUTERS) – The Group of Seven nations agreed on Sunday (June 13) to increase their climate finance contributions and meet an overdue spending pledge of US$100 billion (S$132.5 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.”

British environmentalist David Attenborough told Group of Seven leaders on Sunday that tackling climate change was now as much a political challenge as it was a scientific one.

“We know in detail what is happening to our planet, and we know many of the things we need to do during this decade,” he said in a recorded video address.

“Tackling climate change is now as much a political and communications challenge as it is a scientific or technological one. We have the skills to address it in time, all we need is the global will to do so.”

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