The new approach is intended to give developing countries access to more, better and faster finance, while accelerating the global shift to renewable energy and sustainable technology.
The Prime Minister has also launched the UK’s Blue Planet Fund from the G7 Summit’s ocean-side setting in Cornwall.
Protecting our planet is the most important thing we as leaders can do for our people.
As democratic nations we have a responsibility to help developing countries reap the benefits of clean growth through a fair and transparent system.
This is the first-ever net-zero G7, with all countries having committed to reach net zero emissions by 2050 at the latest with ambitious reductions targets in the 2020s.