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international

UK funding protects 88 million people from the impacts of climate change


The UK’s International Climate Finance (ICF), totalling £11.6 billion over the next 5 years, helps developing countries limit and manage the impacts of climate change, mitigate further global warming from emissions and avert, minimise and address loss and damage

Between 2011 and 2021, UK aid has supported 88 million people to cope with climate change and improved access to clean energy for 41 million people.

The UK’s International Climate Finance (ICF), totalling £11.6 billion over the next 5 years, helps developing countries limit and manage the impacts of climate change, mitigate further global warming from emissions and avert, minimise and address loss and damage. Thailand is included through projects such as the UK Partnering for Accelerated Climate Transitions Programme (UK PACT).

The results come ahead of COP26, the UN Climate Change Conference, which the UK will host in Glasgow in November this year. World leaders will come together to agree on action to tackle the urgent threat of global climate change, with the UK making supporting vulnerable communities a priority in its presidency.

International Environment Minister Zac Goldsmith said:

“Tackling climate change and protecting vulnerable communities and habitats is truly an international effort. I am proud of the impact that the UK’s International Climate Finance is having in developing countries around the world. By lending to climate friendly businesses in Latin America and the Caribbean, or preventing emissions and boosting biodiversity through the restoration of mangroves, forests, and other habitats, the UK is stepping up to tackle the greatest threats we all face.

“COP26 represents a unique opportunity for more countries to come forward with ambitious financial commitments and urgent action to reduce emissions and protect and restore the natural world.”

The figures show that over the last 10 years, UK funding has:

• provided 41 million people with improved access to clean energy, including connections to off-grid renewable energy sources, access to solar lanterns, or clean cookstoves

• installed 2,400 MW of clean energy capacity, equivalent to 500 offshore wind turbines, capable of powering 1.8 million UK homes

• avoided or reduced 180 million tonnes of greenhouse gas emissions

• leveraged £3.3 billion of private finance and £5.2 billion of public finance for climate change purposes

Programmes like the Blue Forests initiative in Madagascar see UK funding support local communities, the private sector and government to protect over 20,000 hectares of mangroves, as one of the most effective natural carbon stores on earth. This also provides invaluable storm protection and coastal erosion prevention.

UK funding protects 88 million people from the impacts of climate change

UK funding has also supported the KaXu Solar One Concentrated Solar Power project in South Africa to use mirrors to reflect and concentrate the sun’s rays, generating enough energy to power 80,000 households and saving around 315,000 tonnes of CO2 – the equivalent to taking 66,000 cars off the road.

The Prime Minister also announced that £550 million of international climate finance will be allocated to provide technical assistance to developing countries moving to low-carbon technology and to end the use of coal internationally.

This includes £200 million of funding for UK PACT, the UK’s flagship climate technical assistance programme which provides the UK’s world-leading expertise to public, private and civil society institutions so that they can help countries develop in a more sustainable way – reducing both emissions and poverty.

The UK is asking countries to come forward with specific plans to cut their carbon emissions by 2030, setting them on course for net zero. The UK has already set a new target to reduce emissions by at least 68% by 2030 and 78% by 2035, among the highest in the world.

Last week the Prime Minister and UN Secretary General hosted a climate roundtable with world leaders, where they called on rich economies to step up to meet the goal to mobilise $100bn a year to help vulnerable countries develop cleanly.

Published : September 30, 2021