Climate finance is Ireland’s best contribution to the COP28 climate talks in Dubai, Prime Minister Leo Varadkar has said, reports RTE.
He said Ireland’s best contribution, as a small but wealthy nation, would be to help poorer and more vulnerable countries invest in climate change adaptation and to pay for the “damage and loss” fund that leaders agreed to create yesterday.
Mr Varadkar said he would announce Ireland’s contribution to the fund during his official speech on behalf of Ireland at tomorrow’s conference, reports RTE.
He said Ireland would honour its commitment to increase its annual contribution to international climate finance to €225 million a year, and that any contribution announced to the new damage and loss fund would come from that money.
The prime minister said many countries make promises and then fail to keep them, so instead of making new financial promises, she said Ireland would make sure it met the financial promises it had already made to help other countries, reports RTE.
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