Glasgow, 1st November - Kirsty McNeill, Executive Director of Policy, Advocacy and Campaigns said:
“Whilst we welcome the UK government adding an additional £1bn to its existing 5 year £11.6bn climate finance commitment, enabling a doubling of UK aid-funded green investments, it is important to recognise that this comes within an already shrunken aid budget and represents no additional resources for the world’s poorest countries.
The UK government made a promise to provide a ‘dedicated climate commitment which is additional to historic ODA levels’, which this breaks. This means that increasing investments in climate finance will come at the cost of supporting the world’s most vulnerable children, living in the most fragile and climate impacted countries. For example, we now know that UK aid funding for humanitarian assistance will continue to be substantially reduced for a further three years.
If the Prime Minister is serious about tackling climate change and protecting the world’s most vulnerable people from its devastating consequences, then its climate finance aid must be additional to the 0.5% GNI budget. This would not only honour its promises made but could save millions of lives.”
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