Climate Change: Finance

(asked on 2nd February 2024) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, with reference to the press release entitled PM to call for era of action at COP28 climate summit, published on 1 December 2023, how much and what proportion of the £1.6 billion funding for climate finance will be in the form of grants.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
This question was answered on 9th February 2024

The UK continues to provide the majority of our climate finance through grants. Our most recent external report [https://unfccc.int/documents/628264] showed that over 87 per cent of UK International Climate Finance was delivered through grants. Our expectation is that the high proportion of grant-based climate finance will continue, including for the latest announcements.

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