1 week Ago By ThePrint Team
New Delhi: At COP29 in Baku, the UK Foreign Secretary announced new partnerships to tackle illegal deforestation and support indigenous people. According to a UK government press release, this is part of the UK’s commitment to restoring its leadership in tackling climate change and providing greater support for countries at the forefront of the climate and nature emergency. During COP29, the Foreign Secretary committed to a new initiative supporting forest tenure rights for indigenous and local communities across the Amazon Basin.
Additionally, £9.1 million has been allocated to local scientists protecting the Congo Basin, home to the world’s largest tropical peatlands. The Foreign Secretary underscored the UK’s commitment to halting and reversing deforestation by announcing partnerships aimed at improving forest management and a new 10-year investment to reduce illegal logging.
Recognising that public finance alone is insufficient, the UK announced £100 million for British International Investment’s (BII) new Mobilisation Facility, which will attract up to £500 million of private capital into investments supporting other countries’ transitions to net zero, the release added. The UK also provided a guarantee of $280 million to the new IFCAP initiative, which will unlock $1.2 billion of additional climate finance.
The Foreign Secretary said, “The climate and nature crisis is the defining challenge of our times, which is why we are working with other countries to tackle the issue at its root. Britain is back as a leader on the climate crisis because this is how we motivate global action to deliver security and clean growth at home, as well as protect our planet for future generations.” Also Read: What is Article 6.
4 of the Paris Agreement adopted at COP29 & why climate researchers are sceptical Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).
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