The climate, energy and environment ministers of the G7 countries have announced their intention to reach the goal of climate finance in the amount of $100 billion a year in the current 2023.
A statement issued at the end of the two-day meeting in Sapporo said that urgent changes are needed “to cover the investment gap needed to keep average temperature rises at 1.5 degrees Celsius and protect those at risk from climate change.”
The participants of the meeting reaffirmed “the commitment of the developed countries to the goal of attracting total climate finance in the amount of $100 billion per year until 2025.” The G7 members also stated their intention to “engage with other developed countries to fully achieve this goal in 2023.”
In addition, the G7 ministers stressed the importance of the Green Climate Fund and creating conditions for the poorest and most vulnerable countries to access climate finance.
The two-day meeting of ministers for climate, energy and the environment of the G7 countries, held in Sapporo, Japan, ended on Sunday, April 16.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
