Green Climate Fund

House of Lords written question – answered at on 27 November 2014.

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Photo of Lord Renwick of Clifton Lord Renwick of Clifton Crossbench

To ask Her Majesty’s Government how it is intended that the proposed £650 million United Kingdom contribution to a global green climate fund will be spent; and what role the United Kingdom will have in its disbursement.

Photo of Baroness Verma Baroness Verma The Parliamentary Under-Secretary of State for Energy and Climate Change

The Green Climate Fund is aiming to spend 50% of funds helping developing countries to limit or reduce their greenhouse gas emissions, and 50% helping them adapt to the adverse effects of climate change (with the aim that at least 50% of the adaptation funding goes to the most vulnerable countries).

The Fund is governed and supervised by a Board of 24 members, composed of an equal number of members from developing and developed countries that will have responsibility for funding decisions.

The UK holds one of the Green Climate Fund Board seats, meaning we will be fully involved in disbursement decisions.

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