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EU may boost aid to third countries as part of fight against climate change up to EUR 25 bln per year
KYIV. Sept 15 (Interfax-Ukraine) – President of the European Commission Ursula von der Leyen proposed to increase financial support to third countries in their fight against climate change by EUR 4 billion, which, taking into account the current volume of support, will amount to over EUR 25 billion annually.
During her annual address to the European Parliament on Wednesday, the President of the European Commission said if each country has its own obligations, then the largest economies have a special responsibility to the least developed and most vulnerable countries.
She recalled the commitments undertaken by previously developed countries to allocate $100 billion to less developed countries annually until 2025 to combat climate change and said that Europe is fulfilling them, allocating $25 billion in turn.
"My message is that Europe is ready for more. We will now propose an additional EUR 4 billion for climate finance until 2027," von der Leyen said.
At the same time, she noted that the EU expects similar steps from the United States and other partners.