Industrialized countries could devote $100 billion to climate protection this year. At the same time, the German authorities plan to increase the financial contribution to the improvement of weather conditions in the world to at least 6 billion euros. opens Words of German Foreign Minister Annalena Burbock TASS.
“As industrialized countries, we have committed to allocate $100 billion annually for this (to combat climate change – socialbites.ca). <….> In his speech at the opening of the “Petersberg Dialogue” international conference, Burbock said, “We are on our way to reach $100 billion by the end of this year. “On climate” in Berlin.
At the same time, he complained that even this amount of financing would not be enough to qualitatively improve the world’s weather conditions and reduce carbon dioxide emissions into the environment. To achieve these goals, it is necessary to allocate “several trillions” of dollars. At the same time, the World Bank should play a major role in financing such programs.
“We must mobilize several trillions for the necessary transformation and adaptation measures for the climate crisis. So it’s also about mobilizing large private funds. We want to make climate finance an integral part of the World Bank’s business model so we can secure more green investments,” Burbock concluded.
April 16 RIA Novosti agency reportedThe G7 climate, energy and environment ministers announced their intention to meet the annual climate change fund target of $100 billion. This amount is planned to be collected annually until 2025.