COP31: Canada, UK reaffirm $1.3 trillion climate finance goal, announce new commitments
India, Nov. 15 -- Canada and the UK reaffirm their commitment to mobilising at least $1.3 trillion annually in climate finance for developing countries by 2035, as agreed at COP29.
Canada outlines a five-year goal of more than C$14 billion in climate-related support, including C$116 million for 12 new projects.
The UK announces around £6 billion in international climate finance through development assistance over three years, alongside £6.7 billion in other public investments.
Both countries reiterate support for tripling adaptation finance by 2035, even as disagreements over climate funding continue at COP31.
Developing countries need an estimated $305 billion annually for adaptation by 2035, while international public adap...
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