Australia Increases Climate Finance Commitment to $2 Billion

Australia Increases Climate Finance Commitment to $2 Billion
Australia's Prime Minister Scott Morrison arrives for the UN Climate Change Conference COP26 at SECC in Glasgow, Scotland, on Nov. 1, 2021. Phil Noble / Pool / Getty Images
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Prime Minister Scott Morrison has announced that Australia will bypass international bodies to invest directly in its Asia and Pacific partners when it increases its climate finance commitments to $2 billion (US$1.5 billion).

Morrison, who is attending COP26 with political leaders from Fiji, Tuvalu, and Palau, said he wants to cut out the red tape and bureaucracy to make sure the funding gets directly to where it’s needed within the Pacific region.

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