Home ›› 08 Nov 2021 ›› World Biz

UK pledges £290m to help poorer countries at COP26

Staff Correspondent
08 Nov 2021 15:37:32 | Update: 08 Nov 2021 15:50:18
UK pledges £290m to help poorer countries at COP26
Commuters make their way amid smoggy conditions in Ghaziabad on November 5, 2021. — AFP Photo

The UK is pledging £290m to help poorer countries cope with the impact of climate change, as the COP26 climate change summit enters its second week.

Government ministers from around the world are in Glasgow for more talks.

They will discuss how to support poorer countries and if reparations for damage from natural disasters should be paid, BBC reported on Sunday.

Poorer nations have called for $100bn of financial help, arguing they are already suffering and will be worst affected by climate change.

Developing countries have historically contributed a very small proportion of the damaging emissions driving climate change while currently the wealthiest 1 per cent of the global population account for more than double the combined emissions of the poorest 50 per cent.

The majority of the money from the UK will go to help Asian and Pacific nations plan and invest in climate action, improve conservation and promote low-carbon development, the government said.

The Foreign, Commonwealth and Development Office described the £290m as "new funding" from the foreign aid budget. The government said last month that cuts to the UK's foreign aid spending, to 0.5 per cent of national income, will stay in place until at least 2024-25.

×