UK to announce clean energy funding and AI developments at G7
On the second day of the G7 Leaders Summit in Italy, the UK’s Prime Minister, Rishi Sunak, will emphasize the importance of supporting countries in delivering their clean energy transitions and in harnessing the opportunities presented by AI.
During a global outreach session focused on Artificial Intelligence and Energy, and Africa and the Mediterranean, he will argue that this means reforming the international financial system to unlock the finance that is needed to accelerate progress against the Sustainable Development Goals.
A press release by the UK government revealed that Sunak would announce multi-year ODA (official development assistance) funding that could surpass £100 million.
This funding would encompass several high-impact projects in Africa and a £20 million expansion of the AI for Development program into Asia, augmenting the £38 million the UK is already investing in Africa.
Read more: UK financial institutions triple clean energy investments, report shows
Prime Minister Sunak said, “The UK is committed to driving a more effective international system that improves lives for people across the globe and at home.”
“The green transition and the development of AI are key components of this, and the funding announced today will help ensure that these seismic changes happen in a way that works for all.”
The funding also includes £500,000 for an initiative to support the planning, prioritization, and implementation of green infrastructure projects in collaboration with the UK, the Government of Kenya, and the wider G7.
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