International Climate Finance: UK aid for halting deforestation and preventing irreversible biodiversity loss
…supported effective mobilisation of finance – unlocking and channelling public and commercial finance towards sustainable development objectives. However, the report adds that a growing emphasis on mobilising private finance could…
…development. There was also some encouraging progress on climate finance, with a £1 billion UK guarantee to the World Bank to support clean energy investment and India’s climate transition, and…
…receiving continued support from the UK. It notes the growing importance of UK development finance, particularly through British International Investment (BII), the UK’s development finance institution, which invests in businesses…
…in International Climate Finance (ICF) was also rated as inadequate. ICAI found that despite improvements to transparency and information sharing, there had been delays in publishing a new cross-departmental strategy,…