{"id":50493,"date":"2014-11-20T10:28:12","date_gmt":"2014-11-20T10:28:12","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=e0f0f3dc17e8e67b7519f34d77657296"},"modified":"2014-11-20T10:28:12","modified_gmt":"2014-11-20T10:28:12","slug":"press-release-uk-pledges-to-help-hardest-hit-by-climate-change","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=50493","title":{"rendered":"Press release: UK pledges to help hardest hit by climate change"},"content":{"rendered":"
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The UK has committed up to \u00a3720 million to the Green Climate Fund, joining other major economies to help developing countries adapt to climate change and go low-carbon.<\/p>\n

The fund will target developing countries, including the most vulnerable, to help them adapt to the adverse effects of climate change and limit or reduce greenhouse gas emissions.<\/p>\n

After the UK\u2019s contribution, the climate fund now stands at around $9bn with 13 countries already pledging, including $3 bn from the US, $1.5bn from Japan, $1bn from Germany, and $1bn from France.<\/p>\n

The UK money comes from existing funds earmarked for international climate work under the UK\u2019s commitment for 0.7% of gross national income to overseas development assistance.<\/p>\n

These pledges should help add momentum to efforts to secure a global deal at the UNFCCC negotiations in Lima and in Paris next year.<\/p>\n

Energy and Climate Change Secretary Ed Davey said:<\/p>\n

\u201cThe poorest and most vulnerable on the planet are already suffering the effects of climate change and it\u2019s our moral duty to act.<\/p>\n

\u201cFrom protecting low-lying islands and coastal settlements from the impact of rising sea levels to helping farmers struggling with lower crop yields caused by the weather effects of climate change \u2013 British aid can save lives.<\/p>\n

\u201cAlong with the UK, other major economies such as the US, Japan, Germany and France have made substantial pledges and I urge other countries to be equally ambitious.\u201d<\/p>\n

The UK has a seat on the fund\u2019s governing board whose 24 members, drawn equally from developing and developed countries, will decide on and supervise the fund\u2019s spending.<\/p>\n

The World Bank will manage the fund\u2019s financial assets as interim trustee, subject to a review three years after the fund starts in 2015.<\/p>\n

Notes for editors<\/h2>\n