Spain commits to increasing its contribution to UN Green Climate Fund

Prime Minister Pedro Sánchez on Monday pledged to increase the Spanish contribution to the UN Green Climate Fund by 50% to €1.35 billion per year as of 2025. [EPA-EFE / ROBERT PERRY]

Prime Minister Pedro Sánchez on Monday pledged to increase the Spanish contribution to the UN Green Climate Fund by 50% to €1.35 billion per year as of 2025, EURACTIV’s partner EFE reported.

“We must raise the level of global climate ambition and support the goals with resources. Our country is committed to it (…), Sánchez stressed via Twitter.

Sánchez was among the first world leaders attending the COP26 summit in Glasgow to address the plenary after the opening session. “Our society demands action, and leaders must respond”, Sánchez stated.

The UN Green Climate Fund is made up of contributions to developing countries by the most industrialised countries to help them adopt measures to combat climate change.

The international community’s commitment is to allocate $100 billion (€86 billion) annually to reach that target.

In a recent interview with EFE Verde, Valvanera Ulargui, director of the Spanish Climate Change Office (OECC), stressed that the Iberian country goes to the COP26 “with its homework done”, because the country has “worked hard to raise its climate ambition” and “align with the EU climate objective”, she stressed.

The EU wants to reduce its Co2 emissions by 55% by 2030, and Spain, Ularqui stressed, will follow the same path.

The conference should serve not only to “increase the (climate) ambition and respect environmental integrity” but also to “enhance multilateralism” and apply a “solidarity and inclusive” approach that provides a solution to global challenges such as the climate crisis, Ularqui insisted.

(Fernando Heller | EuroEFE.EURACTIV.es)

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