Nations pledge billions to combat climate change

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Ahead of the crucial climate conference in Paris, Commonwealth countries have pledged billions of dollars to fight global warming including the highest $2 billion assistance by Canada to help developing countries limit green-house gas emissions.

At a special session on climate change at the Commonwealth Summit here, Canadian Prime Minister Justin Trudeau said his country will help developing nations combat climate change and boost their clean energy production as he pledged nearly $2 billion over five years, doubling its previous commitment.

Maltese Prime Minister Joseph Muscat unveiled a $1 billion Commonwealth Green Finance Facility to support environmental projects within the 53-nation bloc, which met in this picturesque Mediterranean island city in South of Europe.

Separately, the UK has committed 21 million pounds for disaster management and 5.5 million pounds for the ocean-based economy.

Australia has committed $1 million for a new Common-wealth idea — a Climate Finance Access Hub.      

Daily Pioneer
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