Støre: Over the next five years, Norway will double its climate financing for developing countries

Jonas Gahr StørePhoto: Terje Pedersen / NTB
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Over the next five years, Norway will double climate support for developing countries, Prime Minister Jonas Gahr Støre promised on Thursday.

Støre shared the promise with the newspaper Aftenposten ahead of the climate summit in Glasgow. One of the main themes there will be rich countries’ support for climate change in developing countries.

“Standing up for developing countries to make their transition possible is also a very important measure,” Støre said.

The goal is for the total climate financing for developing countries to double from NOK 7 billion in 2020 to NOK 14 billion in 2026, the newspaper writes.

“This investment will help several countries that need more to invest in renewables, instead of going the way of, for example, coal or fossil energy,” Støre noted in a statement sent to NTB.

“We need more countries to contribute more if we are to manage a faster transition to renewable energy. With this, Norway is leading the way. With a doubling of our climate financing, combating climate change will be a major investment in Norwegian development policy in the years ahead,” he added.

Source: © NTB Scanpix / #Norway Today / #NorwayTodayNews

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