Signal UK pledges over 200 million pounds on deforestation and 100 million to the World Bank

Summary

The report explains that the UK is mitigating the risks facing international institutions through its contributions to multilateral bodies such as the UN and the World Bank. At COP 29 the UK committed more than 200 million pounds to stopping and reversing deforestation in forest-rich countries. This is presented as support for global efforts against climate change. The UK has also given extra shareholder backing to the World Bank in the form of a 100 million pound hybrid capital contribution. In addition, it supports measures that could expand the International Bank for Reconstruction and Development and its financial capacity by up to 150 billion US dollars over ten years. The report sees such engagement as a way for the UK to keep contributing to international goals such as cutting greenhouse gas emissions.