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VALLETTA, Malta – The Canadian government announced Friday at the Commonwealth summit that it will contribute $2.65 billion over the next five years to help developing countries combat climate change.

The new funding amounts to a doubling of Canada’s so-called “fast-start climate financing” for developing nations and comes just days before the United Nations climate change conference starts in Paris on Nov. 30.

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Developed countries committed in the Copenhagen accord in 2009 to contribute $100 billion annually by 2020 from various sources to help developing nations deal with climate change mitigation and adaptation.

The more advanced countries are now trying to hammer out a deal for the Paris conference on how to reach the climate-financing goal.

Canada’s new contribution announced Friday will ramp up to $800 million by the year 2020-2021.

The government says Canada’s new funding will help developing countries transition to low-carbon economies that are “sustainable and more resilient.”