UK commits $2 billion to UN-backed climate fund

Britain will commit to provide $2 billion to the Green Climate Fund (GCF) to help developing countries cope with climate change, Prime Minister Rishi Sunak said on Sunday at the G20 Leaders Summit in New Delhi. The pledge would be the biggest single funding commitment the UK has made to date to help the world tackle climate change, a government statement said. The Green Climate Fund (GFC) – the world’s largest such fund – was set up under United Nations' climate change negotiations to help channel money needed by poor states to meet their targets to reduce carbon emissions, develop cleaner energy sources and adjust to a warming world.