Request Free Trial

Aid body dubs UK climate accounting changes a ‘kick in the teeth’ for developing countries

Houses of Parliament
The ICAI wants government departments involved in international climate finance to publish an annual report to help track whether the UK is meeting its commitments (Photo: Harry Shum/Pexels)

The UK government has pledged £11.6bn in climate finance for emerging economies. But it is reclassifying existing overseas aid without adding new spending, says a report from the Independent Commission for Aid Impact

In November 2023, the government published a white paper on international aid in which it committed to increase developing nations’ access to climate finance and improve concessional public climate finance for the lowest-income countries. The white paper included a pledge to spend £11.6bn on climate finance in the five years to 2025-26.

To continue reading

Request Free Trial
  • Unlimited access to all content
  • Email alerts highliting key industry insight.
  • Invitations to attend exlusive roundtables and events.
  • The Sustainable Views Policy Tracker - deep insight on ESG regulations and deadlines
Already a subscriber?Log in
A service from the Financial Times