According to the statement released by Downing Street, Sunak will use his speech this Monday at the Sharm El Sheikh resort to announce the UK contribution will rise to £1,500m from £500m ($565m) in 2019 ( $1.7 billion) by 2025.
The funds are part of London’s commitment to provide £11.6 billion ($13 billion) in international climate finance, the text added.
On his first overseas trip, Sunak will also announce that the UK will fund clean energy investment projects in Kenya and Egypt, as well as protection of forests and natural habitats in the Congo and Amazon basins, among other things.
The British Prime Minister will use his attendance at COP27 for bilateral meetings with other world leaders, including his Italian counterpart Georgia Meloni and French President Emmanuel Macron.
During his plenary address at the summit, Sunak plans to urge the rest of the participants to deliver on the promises made at last year’s COP26 in Glasgow, Scotland, and turn the fight to climate change into a global mission for new jobs and sustainable growth close .
We must move faster and faster towards the renewable energy transition and I will ensure that Britain, as a clean energy superpower, is at the forefront of this global movement, the Conservative leader will say, according to excerpts of the speech released by his office. .
After moving to 10 Downing Street, Sunak said he would not attend COP27 because he had to prepare the draft budget and resolve other domestic issues, but changed his mind after receiving an avalanche of criticism.
According to the opposition Labor Party, the fact that he had to be “forced” to attend the summit is enough to question his ability to lead the fight against climate change in Britain.
“Rishi Sunak had to be kicked and yelled at the COP so it’s just highly unlikely that he can reclaim the mantle of climate leadership,” Labor MP and prominent environmentalist Ed Miliband said on Sunday.
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