To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to her Department's news story, UK announces £274m boost to climate resilience across Indo-Pacific, published on 8 November 2021, from which budgets that funding will be provided; whether that funding has been previously announced; and whether her Department plans to distribute that funding in the form of grants or loans.
19 November 2021
The funding for the Climate Action for a Resilient Asia (CARA) programme comes from the UK's Official Development Assistance budget. This is a new programme providing adaptation finance and was announced for the first time at COP26 on the 8th November 2021. It will contribute to the UK's existing commitment to provide £11.6 billion in International Climate Finance, announced in 2019, including £3 billion towards protecting nature and biodiversity.
The Department will provide funding for CARA in the form of grants. Our partners will then deploy a mix of technical assistance and capital investments to achieve the programme objectives.