British Prime Minister Boris Johnson is expected to announce the United Kingdom will commit an additional £1 billion – or $1.368 billion USD – in aid for climate finance by 2025, if Britain’s economy grows as forecast.
The Prime Minister is expected to tell leaders meeting at the COP26 climate conference in Glasgow on Monday that the world must move from aspiration to action to limit rising global temperatures, according to a government statement released late Sunday forecasting his remarks.
“It’s one minute to midnight and we need to act now,” Johnson is expected to say in his Monday address at the World Leaders Summit Opening Ceremony.
He will urge world leaders to take concrete steps on phasing out coal, accelerating the transition to electric vehicles, and halting deforestation, as well as supporting developing nations on the frontline of the climate crisis with climate finance, the statement said.
The actions will make the biggest difference in reducing emissions this decade on the world’s path to net zero and keeping alive the global aim of limiting rising temperatures to 1.5 degrees Celsius under the Paris Agreement, according to the statement.
“If we don’t get serious about climate change today, it will be too late for our children to do so tomorrow,” Johnson is expected to say.
COP26 climate summit in Glasgow: Live updates