Business Green
June 1, 2022
The UK government is set to pledge £330m to help developing countries tackle environmental breakdown, conserve nature and deliver on the Sustainable Development Goals (SDG) on the first day of a major UN environmental summit kicking off tomorrow in Stockholm.
The Stockholm+50 conference has been organised to mark 50 years since the historic United Nations Conference on the Human Environment in 1972, and is expected to see rafts of global politicians, CEOs and civil society leaders in attendance, alongside the launch of a number of fresh environmental commitments.
The £330m set to be officially announced by the UK government tomorrow is earmarked for the Global Environment Facility (GEF), the UN mechanism financing designed to help developing countries meet global nature commitments, in a move aimed at driving finance towards a "nature positive future".
International Environment Minister Lord Zac Goldsmith said scaling finance for nature protection was an economic imperative that would require governments and private actors to pool resources.