U.K. Prime Minister David Cameron has pledged to increase climate aid by half in a bid to break the deadlock on one of the thorniest issues dividing developed and developing nations as they seek to broker a new deal to rein in climate change. Britain will channel 5.8 billion pounds ($8.8 billion) of assistance from its overseas aid budget to its International Climate Fund during the five years through March 2021, Cameron said in a Sept. 27 e-mailed statement. Britain also will try to leverage nearly as much again in private finance to complement the assistance. "We will increase the amount of aid we spend on climate finance over the next five years, helping communities around the world become more resilient to flooding and drought and providing clean, reliable energy," Cameron said before a Sept. 27 meeting in New York with United Nations Secretary-General Ban Ki-moon and other world leaders. "That energy not only keeps the lights on, it also improves health and education, spurs economic growth and creates jobs."
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