Climate change is one of the most serious threats we face, not just to the environment, but to our economic prosperity, poverty eradication and global security, hitting developing countries the hardest. The Government is committed to combatting the effects of climate change, and supporting the world’s poorest to become more resilient to the effects of a changing climate and to take the clean energy path to growth and prosperity.
The Government has committed to substantially increase the amount of funding we are providing through the International Climate Fund (ICF) to help the most vulnerable countries protect themselves from the effects of climate change. The UK’s money for climate activities will be increased by at least 50%, to a further £5.8 billion of funding from April 2016 to March 2021, including £1.76bn in 2020, from within the existing ODA budget.
Whilst the details of how this new funding will be allocated are still being decided, our support so far has already reached many people and communities, and the UK government stands by our aim to spend 50% of the ICF on adaptation. The ICF to date has helped 15 million adapt, and given 2.6 million people improved access to clean energy. For example, through my Department’s support for the GET FiT programme in Uganda we are helping to create reliable sources of clean energy to support households, businesses and communities which in turn improves the communities’ health and education, and enables businesses to grow. Our investment in the ICF demonstrates Britain’s role in combating climate change and in creating a safer and more prosperous future for us all.