Where’s the Detail? G-7 Nations Agree to Boost Climate Finance

Leaders of the G-7 pose for a group photo on overlooking the beach at the Carbis Bay Hotel in Carbis Bay, St. Ives, Cornwall, England, on June 11, 2021. Leaders from left, Canadian Prime Minister Justin Trudeau, European Council President Charles Michel, U.S. President Joe Biden, Japan's Prime Minister Yoshihide Suga, British Prime Minister Boris Johnson, Italy's Prime Minister Mario Draghi, French President Emmanuel Macron, European Commission President Ursula von der Leyen and German Chancellor Angela Merkel. Patrick Semansky/Pool/AP Photo

CARBIS BAY, England—Group of Seven (G-7) leaders agreed on Sunday to raise their contributions to meet an overdue spending pledge of $100 billion a year to help poorer countries cut carbon emissions and cope with global warming, but campaigners said firm cash promises were missing.

Alongside plans billed as helping speed infrastructure funding in developing countries and a shift to renewable and sustainable technology, the world’s seven largest advanced economies again pledged to meet the climate finance target.