EU offers G7 partners to pile $100 billion annually into climate conservation

Source : 112 Ukraine

It is noted that 30% of the fund will be spent for the fight against climate change
11:15, 14 June 2021

Open source

President of European Council Charles Michel has urged the leaders of G7 to bring expenses for conservation of climate up to the sum of $100 billion as Michel reported on Twitter.

 “The EU is leading the fight against climate change. We call upon our partners to join EU efforts on climate finance to reach USD 100 billion per year goal in support of developing countries,” Michel noted.

Related: "We stand indeed at the edge of the abyss": Guterres adresses extreme weather, climate disasters

According to the head of the European Council, 30% of the new fund for restoration and long-term budget of the EU will aim for fight against climate change.

“Carbon pricing matters. We need to address carbon leakage to create global level playing field,” Michel added.

On June 11-13, the leaders of G7 countries gathered in the UK for the summit. The main topics of the talks are the counteraction the Covid-19 pandemic, fights against climate change, enhancing of transatlantic partnership.



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