Boris Johnson appeared to take a swipe at Rishi Sunak this morning.
Rishi Sunak last night paved the way for Britain to pay reparations to countries most impacted by climate change.
Touching down late last night in Sharm el-Sheikh, he vowed to push for countries to unite to leave “a legacy we could be proud of” for the children of the world.
However, giving a speech of his own at COP27 this morning, former Prime Minister Boris Johnson warned Mr Sunak must reject the demands for reparations.
The economic cost of climate change has been forecast to reach $1trillion by 2050. Mr Johnson dismissed demands for reparations saying the UK “simply doesn’t have the financial resource”.
Mr Sunak is set to today confirm £65million in funding for the Nature, People and Climate Investment Fund, which supports indigenous and local forest communities, and new financing for Treevive, which is working to conserve and restore two million hectares of tropical forest.
He will also announce a further £65.5million for the Clean Energy Innovation Facility today, which provides grants to researchers and scientists in developing countries to accelerate the development of clean technology.
The Prime Minister is expected to say: “The world came together in Glasgow with one last chance to create a plan that would limit global temperature rises to 1.5 degrees.”
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