CARBIS BAY, England (Reuters) – G7 leaders will pledge on Sunday to increase their contributions to climate finance to meet an overdue spending pledge of $ 100 billion a year to help the poorest countries reduce their emissions of carbon and to cope with global warming.

Under plans touted as helping to accelerate funding for infrastructure projects in developing countries and shift to renewable and sustainable technologies, the world’s seven most advanced economies will once again commit to achieving the goal. .

Some Green groups were unimpressed, with Greenpeace UK claiming that G7 host UK Prime Minister Boris Johnson had “just reheated old promises” and would “not take anything for granted” until nations find the money.

“Protecting our planet is the most important thing that we as leaders can do for our people,” Johnson said in a statement.

“As democratic nations, we have a responsibility to help developing countries reap the rewards of clean growth through a fair and transparent system. The G7 has an unprecedented opportunity to lead a global green industrial revolution, with the potential to transform the way we live.

Political cartoons about world leaders

He gave no details or figures for the new commitments.

Developed countries agreed at the United Nations in 2009 to together contribute $ 100 billion each year by 2020 in climate finance to the poorest countries, many of which are struggling with rising waters, storms and droughts made worse by climate change.

This goal has not been met, derailed in part by the coronavirus pandemic which has forced the British government to postpone the United Nations Climate Change Conference (COP26) until this year.

G7 leaders are also expected to put in place measures to reduce carbon emissions, including measures such as ending almost all direct government support to the overseas fossil fuel sector and phasing out gasoline cars. and diesel.

“The natural world today is greatly diminished. It is undeniable. Our climate is warming rapidly. There is no doubt about it. Our societies and nations are unequal and it is sadly evident,” said the British naturalist David Attenborough, People’s Advocate for COP26.

Attenborough will address executives via video message on Sunday.

He said the question for 2021 was whether the world was on the verge of destabilizing the planet. “If so, then the decisions we make this decade – especially the decisions made by the most economically advanced nations – are the most important in human history.”

Greenpeace UK executive director John Sauven called rich countries’ record in meeting their commitments “dismal” and Johnson failed to take “real action to tackle the climate and natural emergency.”

“While commitments to provide more support to developing countries are absolutely vital, until they spend the money, we are not taking anything for granted,” he said in a statement.

(Reporting by Elizabeth Piper, editing by William Maclean)

Copyright 2021 Thomson Reuters.

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