Excerpt from dw.com
New Zealand is making a four-fold increase in foreign aid spending on countries most vulnerable to climate change, Prime Minister Jacinda Ardern said on Monday.
The announcement comes in the run-up to a landmark UN climate conference in Glasgow.
How much climate funding is New Zealand planning?
Ardern said Wellington would boost 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 to tackle climate change by providing $1.3 billion to assist lower-income countries to 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 nations as they tackle the climate emergency, the statement said.
“We need to continue to step up our support for our Pacific family and neighbours who are on the front line of climate change and need our support most,” Ardern said.
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