The United Nations Secretary-General has welcomed the announcement by the Government of Denmark that it will allocate 60 per cent of climate financial aid to climate adaptation measures in its national budget proposal.
António Guterres, the UN Secretary-General has called for at least half of all climate finance to be devoted to adaptation and resilience, and Denmark’s response is a powerful example of climate leadership for other donor countries and multilateral development banks to follow. This is also a very strong a signal for all the countries and vulnerable communities on the front line that badly need protection from climate impacts, the Secretary-General´s spokesperson, Stéphane Dujarric told reporters in New York.
Denmark has demonstrated leadership
Regarding the $100 billion goal, Denmark has demonstrated its leadership in both the quantity and quality of climate finance, with its target of delivering around $500 million annually in grant financing, mainly targeting the poorest and most vulnerable countries. The world will be watching closely for other advanced economies, in particular from the G7, to come forward with their contributions before COP26, which, as you know, is taking place in Glasgow this fall, the spokesperson said in a statement.
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