To ask His Majesty's Government what steps they are taking to (1) identify, and (2) establish, finance streams to support countries vulnerable to the effects of climate change and who are already experiencing those effects.
Answered on
9 November 2022
The UK's International Climate Finance supports developing nations adapt and build resilience to the effects of climate change including through improved food security, water management and preparedness against climate-related disasters. At COP27 the Prime Minister announced the UK will triple our funding on adaptation from £500 million in 2019 to £1.5 billion in 2025. In addition, in partnership with the Champions Group of Adaptation Finance, the UK and other climate finance providers are collaborating with climate vulnerable countries, to address barriers to increasing flows, quality, effectiveness and accessibility of adaptation finance.