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G7 leaders agree increased climate finance, details missing

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Reuters

By Elizabeth Piper and William Schomberg CARBIS BAY, England (Reuters) -Group of Seven leaders agreed on Sunday to raise their contributions to meet an overdue spending pledge of $100 billion a year by rich countries to help poorer ones cut carbon emissions and cope with global warming, but campaigners said firm cash promises were missing. Alongside plans billed as helping speed funding of infrastructure projects in developing countries and a shift to renewable and sustainable technology, the world’s seven most advanced economies again pledged to meet the climate finance target. But climate gr…

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