The UK pledged to fund £290m to help poorer countries deal with the impact of global warming and climate change during the second week of COP26 climate change summit for the restitution of damage from natural disasters in the Scottish Event Campus (SEC) in Glasgow, UK.
The European Country has vowed to help poorer countries particularly Asian and Pacific nations to invest in climate action, improve conservation and promote low-carbon development during the COP26 summit, according to the reports.
The UK funding £290 million to support the countries in the Asia Pacific to deal with the impact of global warming. Developing countries urged the international communities to provide financial help of $100 billion.
UK’s COP6 presidency become more frequent for adaptation and resilience to climate change. £274m to improve conservation and ensure low-carbon development in the least developed nations.
To support developing countries £15m funds are assigned where they need it. For the delivery of faster and more effective global humanitarian action £1 million is scheduled.
Apart from the UK, the developing countries urged the international communities to provide financial help of $100 billion. However, the least developed countries opposed the notion by stating that they are already facing financial distress due to COVID-19 as the climate Summit premises would affect them.
Since the developed nations contribute more than 50% of global pollution, it is worth mentioning that the poorer and developing nations contribute a very small proportion of pollution. Therefore, it is their social responsibility to assist vulnerable countries financially.
Developing countries have contributed quite less to damaging emissions while currently, the developed nations account for 1% of the global population which is more than double the combined emissions of the poorest.
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The government said last month that cuts to the UK's foreign aid spending, to 0.5% of national income, will stay in place until at least 2024-25.