New Zealand increases climate aid ahead of UN summit | News | DW
New Zealand is quadrupling its spending on foreign aid to countries most vulnerable to climate change, Prime Minister Jacinda Ardern said on Monday.
The announcement comes on the eve of a historic United Nations climate conference in Glasgow.
How much climate finance is New Zealand planning?
Ardern said Wellington would increase its climate aid budget to NZ $ 1.3 billion ($ 920 million; € 790 million) over four years.
“New Zealand will do its fair share in the global race against climate change by providing $ 1.3 billion to help low-income countries protect lives, livelihoods and infrastructure from the impacts of climate change.” , she said in a statement.
At least half of the funding will go to Pacific island countries as they tackle the climate emergency, the statement said.
“We must continue to strengthen our support for our family and our Pacific neighbors who are on the front lines of climate change and need our support most,” Ardern said.
The prime minister said the money would help Wellington support clean energy projects in developing countries.
She added that the investment would help communities weather devastating storms and rising sea levels.
How does it compare with other nations?
The Climate Action Tracker monitoring website rates New Zealand’s current climate assistance budget as “critically insufficient” and the nation’s overall response to global warming as “grossly insufficient”.
With the commitment increased from 2022 to 25, New Zealand’s per capita contribution to global climate finance would match that of Britain.
Climate Change Minister James Shaw said it was the duty of relatively wealthy countries like New Zealand to help countries at risk prepare for climate change.
“Our story over the past 30 years has been woefully inadequate in terms of the scale of the challenge,” Shaw told Radio New Zealand.
“We only have a few years left to significantly reduce the greenhouse gases we release into the atmosphere,” he added.
AFP contributed to this report.