SPY468.28+9.49 2.07%
DIA357.74+4.92 1.39%
IXIC15,686.92+461.76 3.03%

Switzerland pledges $25 mln for climate adaptation fund

reuters.com · 11/11/2021 07:26
Switzerland pledges $25 mln for climate adaptation fund

- Switzerland has committed $25 million to fund poor countries efforts to adapt to climate change, Environment Minister Simonetta Sommaruga said on Thursday during a U.N. summit, where developing nations are demanding more adaptation financing.

"Switzerland has pledged to voluntary contributions to the adaption fund of a total of $25 million," Sommaruga said in Glasgow.

The commitment follows on the EU pledging 100 million euros ($114.71 million)in adaptation funding on Tuesday.

The pledges still fall far short of the billions of dollars that developing nations say they will need to deal with the effects of climate change.

($1 = 0.8718 euros)

(Reporting by Elizabeth Piper and Jake Spring; Editing by Alison Williams)

((jake.spring@thomsonreuters.com; +55 61 99653-2429; Reuters Messaging: jake.spring.thomsonreuters.com@reuters.net / Twitter: https://twitter.com/jakespring))