International Climate Finance: UK aid for low-carbon development
The UK’s International Climate Finance shows a convincing approach to promoting low-carbon development and has made a strong commitment to joint international action.
Summary
The UK’s International Climate Finance (ICF) is a portfolio of investments designed to support the eradication of international poverty by helping developing countries manage risk, build resilience to the impacts of climate change, take up low-carbon development at scale and manage natural resources sustainably.
In 2015 the UK government committed to increasing its climate finance by 50%, to at least £5.8 billion over the five years to 2020-21, including at least £1.7 billion in 2020. In addition to being the UK’s primary instrument for funding international action on climate change, the ICF is also an instrument for influencing others to support global action on climate change.
This review on International Climate Finance: UK aid for low-carbon development assesses the contribution of UK International Climate Finance to promoting low-carbon development in developing countries. This part of the portfolio supports developing countries to shift to a development pathway that minimises emissions while still meeting their developmental goals.
Sustainable Development Goals
The United Nations’ Sustainable Development Goals relevant to this review are:
