Europe will give money to poor countries to fight climate change

The European Union has allocated an additional 4 billion euros to poor countries to fight global warming ahead of the climate summit in Glasgow, and thus expects to push world leaders to solve the problem, reports Reuters.

It is expected that the issue of allocating money in solving climate problems will become a key issue at the upcoming summit in Glasgow (Scotland), where world leaders will have to coordinate their actions to prevent a global catastrophe.

Against this backdrop, the EU will give an additional 4 billion euros to poor countries to fight climate change for the period from 2021 to 2027. According to the President of the European Commission, Ursula von der Leyen, the EU already allocates $ 25 billion annually for this purpose.

Leyen also urged the United States to join the initiative, saying that the example of their cooperation would nudge other countries to better address the climate problem. Earlier, for the same purpose, the EU and the US announced an agreement on joint reduction of methane emissions.

Earlier, the Climate Vulnerable Forum (a community of African, Asian, Caribbean, Latin American and Pacific nations facing a particularly acute problem of global warming) called on the participants of the upcoming summit to take radical measures to curb climate change, as well as fulfill their 2009 promise and allocate $ 100 billion annually to developing countries between 2020 and 2024.

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