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UK Plans To Drop Flagship $14.7 Billion Climate Pledge - Slashdot
source link: https://news.slashdot.org/story/23/07/05/0212244/uk-plans-to-drop-flagship-147-billion-climate-pledge
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UK Plans To Drop Flagship $14.7 Billion Climate Pledge (theguardian.com) 9
Posted by msmash
on Wednesday July 05, 2023 @12:30AM from the reneging-on-deals dept.
The government is drawing up plans to drop the UK's flagship $14.7bn climate and nature funding pledge, the Guardian can reveal, with the prime minster accused of betraying populations most vulnerable to global heating. From the report: The disclosure provoked fury from former ministers and representatives of vulnerable countries, who accused Rishi Sunak of making false promises. A leaked briefing note to ministers, given to the Foreign Office and seen by the Guardian, lays out reasons for dropping the UK's contribution to meeting the global $100bn a year commitment to developing countries.
It says: "Our commitment to double our international climate finance to $14.7bn was made in 2019, when we were still at 0.7 [% of GDP spent on international aid] and pre-Covid." It adds that to meet it by the deadline would be a "huge challenge" because of new pressures, including help for Ukraine being included in the aid budget. To meet the $14.7bn target by 2026, government officials have calculated that it would have to spend 83% of the Foreign Office's official development assistance budget on the international climate fund. Civil servants said in the leaked document that this "would squeeze out room for other commitments such as humanitarian and women and girls."
It says: "Our commitment to double our international climate finance to $14.7bn was made in 2019, when we were still at 0.7 [% of GDP spent on international aid] and pre-Covid." It adds that to meet it by the deadline would be a "huge challenge" because of new pressures, including help for Ukraine being included in the aid budget. To meet the $14.7bn target by 2026, government officials have calculated that it would have to spend 83% of the Foreign Office's official development assistance budget on the international climate fund. Civil servants said in the leaked document that this "would squeeze out room for other commitments such as humanitarian and women and girls."
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