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PRIVACY
Economic Development

Cop26: º£½ÇÊÓÆµ to provide £3bn to fund green technology in developing nations

Prime Minister Boris Johnson said: “I want to see the º£½ÇÊÓÆµ’s green industrial revolution go global"

British Prime Minister Boris Johnson (centre) and UN Secretary-General Antonio Guterres (right) pose for a selfie with Palau President Surangel Whipps Jr. at the Cop26 summit at the Scottish Event Campus (SEC) in Glasgow. Picture date: Monday November 1, 2021.

Britain is to provide £3 billion over five years to support the rollout of sustainable infrastructure and new green technology in developing countries.

On the opening day of the Cop26 summit in Glasgow, the Prime Minister emphasised the importance of providing climate finance to the developing world if the gathering is to succeed in its efforts to cut global emissions.

In a move to set the tone for the event, Boris Johnson is hosting an “action and solidarity” meeting bringing together leaders of some of the biggest emitters with their counterparts from nations most vulnerable to climate change.

US President Joe Biden and Indian Prime Minister Narendra Modi are among those due to attend.

Officials said Britain’s new clean green initiative would represent a doubling of º£½ÇÊÓÆµ support compared with the previous five-year period, with funding for projects such as drought-resistant agriculture and sustainable forestry.

Mr Johnson said: “I want to see the º£½ÇÊÓÆµ’s green industrial revolution go global.

“The pace of change on clean technology and infrastructure is incredible, but no country should be left behind in the race to save our planet.

“The climate has often been a silent victim of economic growth and progress – but the opposite should now be true.