International Climate Fund

(asked on 15th December 2021) - View Source

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.


Answered by
Vicky Ford Portrait
Vicky Ford
This question was answered on 6th January 2022

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.

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