At COP26, 11 nations pledged more than $410 million (£302 million) to assist developing countries in combating climate change.
The Least Developed Countries Fund (LDCF) has received fresh funds from Belgium, Canada, Denmark, Estonia, France, Germany, Ireland, the Netherlands, Sweden, Switzerland, and the United States.
The LDCF gives funds to the world’s 46 least developed nations in order to assist them in combating climate change and becoming more resilient to its consequences.
Over the previous 20 years, it has been responsible for more than $1.7 billion (£1.25 billion) in grants to poor countries.
“I am happy with the strong show of support to the LDCF, which stands alone as a source of help to the world’s most vulnerable nations,” said Carlos Manuel Rodriguez, CEO of the Global Environment Facility.
“Today’s promises will have an immediate impact in areas where climate change threats are the greatest. To close the climate financing gap and accomplish the Paris Agreement’s aim of increasing all nations’ resilience to the extremely significant problems that climate change will bring, we must continue to build on this assistance.”