Aftab Ahmed. Elizabeth Piper. Alasdair Pa

NEW DELHI, (Reuters) – Boris Johnson, the British Prime Minister is expected to make a sovereign guarantee to India for a World Bank loan of $1 billion to help develop green infrastructure. Three sources close to the matter confirmed this to Reuters Monday.

The announcement is likely to be made during the United Nations COP26 summit in Glasgow, Scotland, which has been billed as a make-or-break https://www.reuters.com/world/global-climate-talks-open-cries-betrayal-blame-2021-11-01 chance to save the planet from the most calamitous effects of climate change.

One source said that the UK would offer India $1 billion in sovereign guarantees for World Bank loans for green infrastructure. Because they are not authorized to discuss the topic with the media, the sources refused to identify themselves.

Representatives of the Indian and UK government did not respond immediately to inquiries for comment.

COP26 has been delayed for a year by the COVID-19 pandemic. It aims to maintain a target of keeping global warming below 1.5 degrees Celsius (2.7 Fahrenheit). This limit, scientists claim would protect the world from its most dangerous consequences.

The pressure on wealthy nations to fulfill a 2009 pledge to invest $100 billion per year in developing countries’ response to rising temperatures is mounting.

India’s chief economic adviser has urged rich nations to commit much more than $100 billion https://www.reuters.com/world/india/rich-nations-must-commit-more-than-100-bln-climate-fight-says-india-2021-09-30 to help poor countries fight climate change because of their high historical share of emissions.

Asia’s third-largest economy intends to continue adding renewables to their energy mix, and encourage industries to use cleaner fuels. However, it has not committed to zero emission targets for the year.