Sumary of EU Pledges 4 Billion Euros More in Climate Funds for Poorer Countries:
- “We will now propose an additional 4 billion euros for climate finance until 2027,” European Commission President Ursula von der Leyen said in a policy speech at the European Parliament in Strasbourg.
- This is vital, because closing the climate finance gap together, the U.S. and the European Union, would be such a strong signal for global climate leadership.
- ” The additional 4 billion euros is a total amount for the period 2021-2027. It will come from the EU budget, a Commission spokesperson said.
- The EU already contributes an annual $25 billion in climate funding, von der Leyen said.