The United Kingdom is delivering on its commitment of £11.6 billion investment into the climate action fund and as part of this, will triple its funding on adaptation to £1.5 billion by 2025.
“Let me tell you why. First, I profoundly believe it is the right thing to do… But it is also economically right too. Climate security goes hand in hand with energy security,” said UK Prime Minister Rishi Sunak in his first major address on the global stage for the COP27 climate summit in Egypt.
“Putin’s abhorrent war in Ukraine and rising energy prices across the world are not a reason to go slow on climate change. They are a reason to act faster. Because diversifying our energy supplies by investing in renewable is precisely the way to insure ourselves against the risks of energy dependency. It is also a fantastic source of new jobs and growth,” he said.
MORE LIKE THIS…
Paying tribute to fellow British Indian politician, Alok Sharma, the Prime Minister reflected upon the UK’s presidency of COP26 in Glasgow as creating room of hope with the Glasgow Climate Pact.
He noted: “I believe we found room for hope in Glasgow. With one last chance to create a plan that would limit global temperature rises to 1.5 degrees, we made the promises to keep that goal within reach.
“And the question today is this: can we summon the collective will to deliver them? I believe we can. When we began our COP Presidency, just one third of the global economy was signed up to net zero today it’s 90 per cent.”
MORE LIKE THIS…
He called on world leaders to honour the promises made in Glasgow last November and direct public and private finance towards the protection of our planet to turn the struggle against climate change into a global mission for new jobs and clean growth.
He concluded: “We can bequeath our children a greener planet and a more prosperous future. That’s a legacy we could be proud of.
“So as we come together once again in common cause today, there really is room for hope. Together, let us fulfil it.”
