UK refutes claims it is dropping $20b climate pledge

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UK refutes claims it is dropping $20b climate pledge
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LONDON - The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, after the Guardian reported the country was planning to drop its flagship £11.6 billion(S$20 billion) climate funding pledge. Read more at straitstimes.com.

LONDON - The British government said on Tuesday that claims it was dropping its International Climate Finance pledge are false, after the Guardian reported the country was planning to drop its flagship £11.6 billion climate funding pledge.

A document given to the British Foreign Office, which was seen by the Guardian, said “Our commitment to double our international climate finance to £11.6 billion was made in 2019, when we were still at 0.7 and pre-Covid.” “We spent over £1.4 billion on international climate finance over the course of the 2021/22 financial year, supporting developing countries to reduce poverty and respond to the causes and impacts of climate change. We will publish the latest annual figures in due course,” the British government spokesmann further said.

Mr Goldsmith said Britain had “visibly stepped off the world stage and withdrawn our leadership on climate and nature.”

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