Canada to invest $2.7B to fight global climate change
by Cleantech Canada Staff
Funds will boost worldwide efforts to buoy clean economies of world's developing countries
VALLETTA, Malta—Prime Minister Justin Trudeau has announced Canada will contribute $2.65 billion to help combat climate change in developing countries.
“Canada is back and ready to play its part in combatting climate change, and this includes helping the poorest and most vulnerable countries in the world adapt,” Trudeau said while attending a Commonwealth Heads of Government meeting in Malta, prior to heading to the Paris climate talks.
“The investment announced today will help build a more environmentally sustainable future for generations to come. It is yet another example that Canada is once again a serious player in the international fight against climate change”, the newly-elected PM said.
The contribution will be spread across five years and is designed to support developing countries’ transition to low-carbon economies, which the government noted are both more sustainable and more resilient. The federal government added that details on what specific initiatives the funds will support will be released in the coming months.
“Canada is committed to ambitious action on climate change, and is focused on the economic opportunities of our environment and creating the clean jobs of tomorrow,” the government said.
As Trudeau flies to Paris, the new government says it is serious about working with its international partners on a new global climate agreement.