New Zealand is making a four-fold increase in foreign aid spending on countries most vulnerable to climate change, Prime Minister Jacinda Ardern said on Monday.<\/p>\n
The announcement comes in the run-up to a landmark UN climate conference in Glasgow.How much climate funding is New Zealand planning?<\/p>\n
Ardern said Wellington would boost its climate aid budget to NZ$1.3 billion ($920 million; 790 million) over four years.<\/p>\n
New Zealand will do its fair share in the global race to tackle climate change by providing $1.3 billion to assist lower-income countries to protect lives, livelihoods and infrastructure from the impacts of climate change, she said in a statement.<\/p>\n
At least half of the funding will go to Pacific island nations as they tackle the climate emergency, the statement said.<\/p>\n
We need to continue to step up our support for our Pacific family and neighbours who are on the front line of climate change and need our support most, Ardern said.<\/p>\n
The prime minister said the money would help Wellington in supporting clean energy projects in developing nations.<\/p>\n
She added that the investment would help communities withstand damaging storms and rising sea levels.<\/p>\n
How does that compare with other nations?<\/p>\n
Monitoring website Climate Action Tracker rates New Zealands existing climate aid budget as critically insufficient and the nations overall response to global warming as highly insufficient.<\/p>\n
With the increased commitment from 2022-25, New Zealands per capita contribution to global climate finance would match that of Britains.<\/p>\n
Climate Change Minister James Shaw said it was the duty of comparatively wealthy nations like New Zealand to help at-risk nations prepare for climate change.<\/p>\n
Our history over the last 30 years has been woefully inadequate when it comes to the scale of the challenge, Shaw told Radio New Zealand.<\/p>\n
What thats left us with now is only a few years remaining to dramatically reduce the greenhouse gases that we put into the atmosphere, he added.<\/p>\n
<\/p>\n
Excerpt from:<\/p>\n
New Zealand increases climate aid ahead of UN summit - The Indian Express<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New Zealand is making a four-fold increase in foreign aid spending on countries most vulnerable to climate change, Prime Minister Jacinda Ardern said on Monday. The announcement comes in the run-up to a landmark UN climate conference in Glasgow.How much climate funding is New Zealand planning? Ardern said Wellington would boost its climate aid budget to NZ$1.3 billion ($920 million; 790 million) over four years. Continue reading