UK Slashes Climate Finance to Poor Countries Despite Promises, Campaigners Warn of Devastating Consequences.
The UK is planning to reduce its climate finance to poor countries by more than 40% over the next five years, from £11.6 billion to £9 billion. The move, which was agreed by the Treasury, has been met with criticism from campaigners who warn that it will have devastating consequences for vulnerable countries already struggling with the effects of the climate crisis.
In 2021, the UK committed to increasing its climate finance to poor countries to $300 billion a year by 2035. However, this promise is now at risk as the reduction in funding takes effect. Climate experts argue that this move will not only harm the poorest countries but also undermine the UK's reputation as a global leader on climate change.
"Climate finance isn't an abstract budget line – it's the difference between resilience and disaster for vulnerable countries," said Mohamed Adow, director of Power Shift Africa. "Cutting it now will cost lives and livelihoods."
Critics also argue that the reduction in funding will make it harder to meet global climate finance targets. The UK is no longer following EU reporting standards on climate finance spending since Brexit.
Experts say that protecting nature is crucial for addressing the climate crisis, but the current plan threatens to slash funding for nature conservation by up to 50%. Flagship projects such as the Blue Planet Fund are likely to be kept in place but will face significant cuts.
The UK government claims to remain committed to providing international climate finance and modernizing its approach. However, campaigners say that the move is a step backwards and undermines the country's credibility on climate change.
"If you care about food prices you should care about the potential collapse of the rainforests," said Jonathan Hall, managing director of Conservation International UK. "If you care about global security, you should care about the melting of the Himalayan glaciers."
The UK is planning to reduce its climate finance to poor countries by more than 40% over the next five years, from £11.6 billion to £9 billion. The move, which was agreed by the Treasury, has been met with criticism from campaigners who warn that it will have devastating consequences for vulnerable countries already struggling with the effects of the climate crisis.
In 2021, the UK committed to increasing its climate finance to poor countries to $300 billion a year by 2035. However, this promise is now at risk as the reduction in funding takes effect. Climate experts argue that this move will not only harm the poorest countries but also undermine the UK's reputation as a global leader on climate change.
"Climate finance isn't an abstract budget line – it's the difference between resilience and disaster for vulnerable countries," said Mohamed Adow, director of Power Shift Africa. "Cutting it now will cost lives and livelihoods."
Critics also argue that the reduction in funding will make it harder to meet global climate finance targets. The UK is no longer following EU reporting standards on climate finance spending since Brexit.
Experts say that protecting nature is crucial for addressing the climate crisis, but the current plan threatens to slash funding for nature conservation by up to 50%. Flagship projects such as the Blue Planet Fund are likely to be kept in place but will face significant cuts.
The UK government claims to remain committed to providing international climate finance and modernizing its approach. However, campaigners say that the move is a step backwards and undermines the country's credibility on climate change.
"If you care about food prices you should care about the potential collapse of the rainforests," said Jonathan Hall, managing director of Conservation International UK. "If you care about global security, you should care about the melting of the Himalayan glaciers."