G7 leaders commit to increasing climate finance contributions | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Wednesday
July 23, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
WEDNESDAY, JULY 23, 2025
G7 leaders commit to increasing climate finance contributions

World+Biz

Reuters
13 June, 2021, 08:55 am
Last modified: 13 June, 2021, 01:21 pm

Related News

  • G7 leaders meet in Canada hoping to avoid Trump clash
  • Bangladesh faces $3b annual disaster loss, 6.3m affected
  • 'Death sentence for millions': COP29's proposed $250b annual climate finance pledge draws criticism from advocates, experts
  • COP29 expected to conclude with $250b annual climate finance pledge
  • COP29: Bangladesh 'does not want' climate loans, demands fair financing

G7 leaders commit to increasing climate finance contributions

Some green groups were unimpressed, with Greenpeace UK saying the G7 host, British Prime Minister Boris Johnson, had "simply reheated old promises" and that it would take "nothing for granted" until nations came up with the money

Reuters
13 June, 2021, 08:55 am
Last modified: 13 June, 2021, 01:21 pm
British Prime Minister Boris Johnson, U.S. President Joe Biden, France's President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, Australia's Prime Minister Scott Morrison, German Chancellor Angela Merkel, South Africa's President Cyril Ramaphosa and South Korea's President Moon Jae-in attend a working session during G7 summit in Carbis Bay, Cornwall, Britain, June 12, 2021. Leon Neal/Pool via REUTERS
British Prime Minister Boris Johnson, U.S. President Joe Biden, France's President Emmanuel Macron, Canadian Prime Minister Justin Trudeau, Australia's Prime Minister Scott Morrison, German Chancellor Angela Merkel, South Africa's President Cyril Ramaphosa and South Korea's President Moon Jae-in attend a working session during G7 summit in Carbis Bay, Cornwall, Britain, June 12, 2021. Leon Neal/Pool via REUTERS

G7 leaders will commit on Sunday to increase their climate finance contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming.

As part of plans billed as helping speed the finance of infrastructure projects in developing countries and a shift to renewable and sustainable technology, the world's seven most advanced economies will again pledge to meet the target.

Some green groups were unimpressed, with Greenpeace UK saying the G7 host, British Prime Minister Boris Johnson, had "simply reheated old promises" and that it would take "nothing for granted" until nations came up with the money.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

"Protecting our planet is the most important thing we as leaders can do for our people," Johnson said in a statement.

"As democratic nations we have a responsibility to help developing countries reap the benefits of clean growth through a fair and transparent system. The G7 has an unprecedented opportunity to drive a global Green Industrial Revolution, with the potential to transform the way we live."

It gave no details of or numbers for the new commitments.

Developed countries agreed at the United Nations in 2009 to together contribute $100 billion each year by 2020 in climate finance to poorer countries, many of whom are grappling with rising seas, storms and droughts made worse by climate change.

That target was not met, derailed in part by the coronavirus pandemic which forced the British government to postpone the United Nations' Climate Change Conference (COP26) until this year.

Hundreds of protesters target the G7 summit in southwest England to demand action on the climate, poverty and COVID-19. More photos: https://t.co/G3u4j9oFUr pic.twitter.com/Wn2Qw1O9Z4— Reuters Pictures (@reuterspictures) June 12, 2021

G7 leaders are also expected to set out action to cut carbon emissions, including measures such as ending almost all direct government support for the fossil fuel energy sector overseas and phasing out petrol and diesel cars.

"The natural world today is greatly diminished. That is undeniable. Our climate is warming fast. That is beyond doubt. Our societies and nations are unequal and that is sadly is plain to see," said British naturalist David Attenborough, the people's advocate for COP26.

Attenborough will address leaders via video message on Sunday.

He said the question for 2021 was whether the world was on the verge of destabilising the planet. "If that is so, then the decisions we make this decade - in particular the decisions made by the most economically advanced nations - are the most important in human history."

Greenpeace UK's executive director, John Sauven, described the track record of rich nations in honouring their commitments as "dismal" and Johnson of failing to take "real action to tackle the climate and nature emergency".

"While commitments to provide more support to developing nations are absolutely vital, until they cough up the cash, we're taking nothing for granted," he said in a statement.

Top News

g7 leaders / climate finance

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The Government Seal of Bangladesh
    Govt mulls allowing trade unions with 20 workers, industry leaders warn of disorder
  • Photo: CA Press Wing
    Stronger stance needed on maintaining law and order: Political parties to CA
  • The jet plane charred after crash on 21 July at the Milestone school premises. Photo: Mehedi Hasan/TBS
    Milestone crash: 9-year-old burn victim dies in ICU, death toll rises to 32

MOST VIEWED

  • Screengrab/Video collected from Facebook
    CCTV footage shows how Air Force jet nosedived after technical malfunction
  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Why Bangladesh's capital market is poised for a bull run
    Why Bangladesh's capital market is poised for a bull run
  • ISPR clarifies crashed plane was battle aircraft, not training jet
    ISPR clarifies crashed plane was battle aircraft, not training jet
  • Photo: Syed Zakir Hossain/TBS
    Secretariat protest: 75 injured in police-protester clash over edu adviser's resignation for delaying HSC rescheduling
  • Exim Bank's former chairman Nazrul Islam Majumder being taken to court on 22 July 2025. Photo: Collected
    Will repay all money if granted bail, won’t run away, ex-Exim Bank chair Nazrul tells court

Related News

  • G7 leaders meet in Canada hoping to avoid Trump clash
  • Bangladesh faces $3b annual disaster loss, 6.3m affected
  • 'Death sentence for millions': COP29's proposed $250b annual climate finance pledge draws criticism from advocates, experts
  • COP29 expected to conclude with $250b annual climate finance pledge
  • COP29: Bangladesh 'does not want' climate loans, demands fair financing

Features

Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

20h | Panorama
Photo: TBS

Mourning turns into outrage as Milestone students seek truth and justice

14h | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

1d | Panorama
Despite all the adversities, girls from the hill districts are consistently pushing the boundaries to earn repute and make the nation proud. Photos: TBS

Ghagra: Where dreams rise from dust for Bangladesh women's football

2d | Panorama

More Videos from TBS

Six unidentified bodies are yet to be identified

Six unidentified bodies are yet to be identified

24m | TBS Today
32 killed in warplane crash in Milestone, live from Burn Institute

32 killed in warplane crash in Milestone, live from Burn Institute

2h | TBS Today
What information did the director of the NBPSI give about the admitted patients?

What information did the director of the NBPSI give about the admitted patients?

12h | TBS Today
India is sending specialist doctors, nurses and equipment to treat burn victims

India is sending specialist doctors, nurses and equipment to treat burn victims

3h | TBS Today
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net