British Prime Minister Rishi Sunak has declared that it is time for faster action on climate change. In his speech at the COP27 summit, he pledged £11.6bn as the country's commitment to the climate fund. The Indian-origin leader noted that green energy investments are "an excellent source of new jobs and growth". He pledged to build on the "space of hope" created during the UK's presidency of Scotland's COP26 last November. British Prime Minister Manmohan Singh announced at the COP21 summit in Egypt that Britain would triple its funding for adaptation to £1.5 billion by 2025.

Sunak called on countries to honour the commitments made in Glasgow to direct public and private funding to protect the planet. "There is definitely room for hope," he noted.