The UK government has announced it has allocated £160m in finance for developing countries on the frontlines of climate crisis, less than a day after it diluted several of its key domestic decarbonisation policies.
In a press release issued yesterday, the Department for Energy Security and Net Zero (DESNZ) said the funding would be split across four global programmes, with the Mitigation Action Facility, a fund that supports developing countries to reduce emissions through initiatives focused on energy, transport and industrial sectors, taking the lion’s share of £100m.
Source: Business Green
