The UK government declared its plans to support sustainability in developing countries with $4 Billion plan. This initiative will help provide climate change solutions in the developing world. It will also protect and as well as restore nature over five years.
The UK’s existing commitment of £11.6bn ($15.6 billion) for international climate finance will allocate this funding. The investment supports programs such as the Blue Planet Funding. This funding sets up financing for marine conversation and plans to tackle the problem of illegal trading of timber and deforestation.
UK’s Prime Minister, Boris Johnson, announced this $4 Billion plan at the One Planet Summit that held in France. He talked about Financing for Biodiversity in this Summit and calling others to increase their funding’s level for nature and also mobilizes private and public finance in order to provide solutions to climate change.
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According to the Foreign Secretary Dominic Raab, the country pledges to donate about £38 million to the Climate Compatible Growth program. This program is committed to supporting developing nations to improve their transition to green energy.
The United Kingdom is making plans towards clean power and recently made efforts to protect its ocean and land by 2030.
Tackling climate change and protecting nature are closely linked… thriving forests and ocean play a critical role in mitigating climate change. Our land and coastal marine ecosystems could provide up to a third of the climate mitigations needed to meet the targets set out in the Paris Agreement.Prime Minister Borris Johnson