UK to cut climate finance to poor countries by a fifth despite promising more help

The UK plans to reduce climate finance to developing countries by over a fifth, from £11.6 billion over the past five years to £9 billion in the next five. This cut, imposed by the Treasury, comes despite recent pledges to increase global climate finance and warnings from security officials about the impact of ecosystem collapse on UK national security. Campaigners warn that the reduction will cost lives and livelihoods in vulnerable countries. The UK's climate spending pledge is likely to equate to £2 billion a year over the next three years, then £1.5 billion a year in 2029-30 and 2030-31. The cuts are occurring within the context of a reduced overall UK foreign aid budget.

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