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G7 leaders agree to provide $100b annually to combat climate change in developing countries.
- The group also called on other developed nations to commit to the effort.
- Climate change organisations are sceptical of the G7’s commitment to the pledge.
G7 leaders have agreed to raise their contributions to meet their pledge of $100 billion a year to help developing countries cut carbon emissions and cope with global warming.
In a released communique, the seven countries, the United States, Britain, Canada, France, Germany, Italy and Japan, reaffirmed their commitment to “jointly mobilise $100 billion per year from public and private sources, through to 2025”. The group also called on other developed countries to join and increase their contributions to this effort.
British Prime Minister Boris Johnson stated that protecting our planet is the most important thing we as leaders can do for our people. “As democratic nations, we have a responsibility to help developing countries reap the benefits of clean growth through a fair and transparent system. The G7 has an unprecedented opportunity to drive a global Green Industrial Revolution, with the potential to transform the way we live,” he added.
Despite this statement, several climate change activists faulted the statements that provided little details on how the G7 will achieve their commitment.