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More than $2 billion committed at UK-US climate finance forum

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Finance leaders, companies and philanthropists have committed more than $2 billion to help finance efforts to reduce carbon emissions and boost climate resilience across Africa, Asia and Latin America, a joint UK-U.S. statement said on Tuesday.

The statement, by Britain's Energy Security and Net Zero Secretary Grant Shapps and U.S. Special Presidential Envoy on Climate John Kerry, followed a Climate Finance Mobilisation Forum held at Windsor Castle, England, with the aim of bolstering private capital flows to emerging economies.

"The scale of this transition requires trillions in private investment in addition to the public funds we are spending. It is also one of the biggest investment opportunities in history." These firms will identify at least $1 billion of initial projects in emerging markets using nature-based solutions, such as regenerative farming and sustainable water management, alongside technology to develop products and systems that reduce negative environmental impacts.

in companies addressing climate change in Asia and Africa, with projects that it hopes will reach up to 50 million low-income people.

 

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