Forthcoming review: Blue Planet Fund
The Independent Commission for Aid Impact (ICAI) will examine the £500 million Blue Planet Fund – designed to support developing countries to protect the marine environment and reduce poverty – in a forthcoming rapid review.
The fund was announced by the government in 2021, as part of its commitment to spend at least £3 billion of the UK’s promised £11.6 billion of international climate finance on protecting and restoring nature.
Managed jointly by the Department for Environment, Food and Rural Affairs (Defra) and the Foreign, Commonwealth and Development Office (FCDO), it supports the delivery of the government’s 2021 Integrated review and the 2022 Strategy for international development, which put tackling climate change and biodiversity loss at the heart of the UK’s international priorities.
We have today published the approach for the review, including the questions it will address:
- How relevant is the Blue Planet Fund to developing country needs as part of meeting the UK’s international climate finance objectives?
- How coherent and coordinated is the Fund within and across the two departments (Defra and FCDO)?
- Are the systems, controls and procedures of the Blue Planet Fund adequate to ensure effective and efficient programming and good value for money?
We expect to publish the findings in November 2023.Read our approach