PM Mark Rutte at COP27 says Netherlands to boost climate funding to developing nations

Prime Minister Mark Rutte said on Monday said the Netherlands would raise its annual contribution to climate finance in developing countries to €1.8 billion ($1.8 billion), about 50 percent up from last year’s levels, by 2025.
At the opening of the COP27 climate summit taking place in Egypt, Rutte said the increase would include a €100 million donation to the Africa Adaptation Acceleration Programme, a joint initiative of the African Development Bank (AfDB) and the Global Centre on Adaptation.
“This money needs to go to those hit hardest by climate change,” Rutte added.