G7 to meet climate finance support goal next year - draft

The growing shoreline of Lake Powell is visible, where water levels have declined dramatically to lows not seen since the lake was filled in the 1960s as growing demand for its water and climate change shrink the Colorado River and create challenges for business owners and recreation options, in Page, Arizona, U.S., April 18, 2022. Picture taken April 18, 2022. REUTERS/Caitlin Ochs

KOENIGSWINTER, Germany, May 19 (Reuters) - The Group of Seven economic powers expect to meet a climate change financing goal for developing countries by next year, G7 finance chiefs said in a draft communique from a meeting in Germany.

"We are strongly committed to achieving the collective climate finance mobilisation goal of 100 billion US dollars per year from a wide variety of sources through to 2025 to address the needs of developing countries... We expect this goal will be met in 2023," said the draft to be finalised before the meeting ends on Friday.

Reporting by Leigh Thomas; Editing by Angus MacSwan

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