Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what estimate she has made of the total of UK payments to the International Climate Fund; and whether that level of payments meets the commitments made by the UK at the Copenhagen COP in 2009.
Securing the collective developed country commitment to provide $100 billion per year in climate finance to developing countries, first made in Copenhagen in 2009, has been a core focus of the UK's COP26 Presidency. Under the UK's Presidency, 95 per cent of the largest developed country climate finance providers made new, forward-looking commitments, with many doubling or even quadrupling their support for developing countries to take climate action. These pledges mean that the $100 billion finance goal will be met by developed countries by 2023 at the latest, and it is now likely that $500bn will be mobilised over the period 2021-25. This means more money for developing countries to decarbonise and adapt to the impacts of climate change. Further information can be found here: https://ukcop26.org/wp-content/uploads/2021/10/Climate-Finance-Delivery-Plan-1.pdf
The UK has led by example with our International Climate Finance (ICF). We provided £9.8 billion ICF between April 2011 and March 2021, and are committed to providing a further £11.6 billion between 2021/22 and 2025/26 (a doubling of our ICF spend in the previous five years), with an extra £1 billion in 2025 if the economy grows as forecast.