COP 27: Dutch to boost climate funding to developing nations, PM says

SHARM EL-SHEIKH, Egypt (Reuters) - Dutch Prime Minister Mark Rutte on Monday said the Netherlands will increase its annual contribution to climate finance in developing countries to 1.8 billion euros, about 50% above 2021 levels, by 2025.

Speaking at the opening of the COP27 climate summit in Egypt, Rutte said the increase would include a 100 million euro donation to the Africa Adaptation Acceleration Programme, a joint initiative of the African Development Bank and the Global Center on Adaptation.

"This money needs to go to those hit hardest by climate change", he said.

($1 = 1.0011 euros)

(Reporting by Toby Sterling; Editing by Chris Reese)