{"id":48841,"date":"2023-07-06T11:36:18","date_gmt":"2023-07-06T10:36:18","guid":{"rendered":"https:\/\/www.climatechangenews.com\/?p=48841"},"modified":"2023-07-06T11:36:18","modified_gmt":"2023-07-06T10:36:18","slug":"developing-countries-uk-breaking-climate-finance-pledge","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2023\/07\/06\/developing-countries-uk-breaking-climate-finance-pledge\/","title":{"rendered":"Developing nations decry risk of UK breaking climate finance pledge"},"content":{"rendered":"<p><strong>The United Kingdom\u2019s reported plan to break its flagship international climate finance pledge is \u201cdisappointing\u201d and undermines trust, climate negotiators from developing countries told Climate Home News.\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">The commitment to provide \u00a311.6 billion ($14.7bn) between 2021 and 2026 was first made by former prime minister Boris Johnson in 2019. It was repeated again by prime minister Rishi Sunak at Cop27, where he said it was &#8220;morally right to honour our promises&#8221;.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Y3ZGl3ErRjA?start=91\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">But, according to an internal government document <a href=\"https:\/\/www.theguardian.com\/environment\/2023\/jul\/04\/revealed-uk-plans-to-drop-flagship-climate-pledge-rishi-sunak\" target=\"_blank\" rel=\"noopener\">seen<\/a> by The Guardian, the UK has constantly underspent and would now find it a \u201chuge challenge\u201d to respect that pledge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A government spokesperson refuted the claims, saying the UK is still committed to the pledge and delivering on it.<\/span><\/p>\n<p>They said the UK spent \u00a31.4 billion on international climate finance over the course of the 2021-22 financial year. This is less than the average \u00a32.32 billion a year which would need to be provided up to 2026 in order to respect the pledge.<\/p>\n<h3>&#8216;Sad&#8217; climb down<\/h3>\n<p><span style=\"font-weight: 400;\">A source within the African Group of Negotiators told Climate Home News \u201cthe news is disappointing, especially since the UK, while Cop26 president, took up a very promising leadership role and breathed hope and trust in the process\u201d. They added that \u201cto climb down from the pledge is unfortunate and sad, especially for developing countries bearing the brunt of the climate crisis\u201d.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The sentiment was echoed by Madeleine Diouf Sarr, chair of the Least Developed Nations group, who said climate finance \u201cmust be scaled up, not back\u201d, highlighting rich countries\u2019 ongoing failure to provide $100 billion a year in climate finance by 2020. Originally made in 2009, that pledge has not yet been respected.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Our people bear the brunt of the climate crisis &amp; need support more than ever to address its escalating impacts. Already not meeting the $100 bn\/yr goal, <a href=\"https:\/\/twitter.com\/hashtag\/ClimateFinance?src=hash&amp;ref_src=twsrc%5Etfw\">#ClimateFinance<\/a> must be scaled up, not back. Global solidarity and cooperation remain critical for tackling <a href=\"https:\/\/twitter.com\/hashtag\/ClimateChange?src=hash&amp;ref_src=twsrc%5Etfw\">#ClimateChange<\/a> \ud83c\udf0d <a href=\"https:\/\/t.co\/djfl3JMbrN\">https:\/\/t.co\/djfl3JMbrN<\/a><\/p>\n<p>&mdash; LDC Chair (@LDCChairUNFCCC) <a href=\"https:\/\/twitter.com\/LDCChairUNFCCC\/status\/1676573542903676929?ref_src=twsrc%5Etfw\">July 5, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">\u201c[Our people] need support more than ever to address its escalating impacts,\u201d Diouf Sarr added in a tweet. \u201cGlobal solidarity and cooperation remain critical for tackling climate change\u201d.<\/span><\/p>\n<h3>Aid cuts<\/h3>\n<p><span style=\"font-weight: 400;\">Former prime minister Boris Johnson vowed in 2019 to double the amount of international climate finance destined for projects to cut emissions in developing countries and help them adapt to the effects of climate change. The UK <a href=\"https:\/\/assets.publishing.service.gov.uk\/government\/uploads\/system\/uploads\/attachment_data\/file\/1112550\/uk-international-climate-finance-results-2022.pdf\" target=\"_blank\" rel=\"noopener\">spent<\/a> \u00a35.8 billion on the programme in the five years up to 2021.\u00a0<\/span><\/p>\n<p>But, since the pledge was made, the UK <a href=\"https:\/\/commonslibrary.parliament.uk\/research-briefings\/cbp-9224\/\" target=\"_blank\" rel=\"noopener\">cut<\/a> aid spending to 0.5% of GDP, down from 0.7%. Some climate initiatives immediately felt the impact of the budget cuts. A programme protecting poor communities around the world from floods and fires had its budget slashed by 70%. At the time, its lead in Nairobi, Joanes Atela, <a href=\"https:\/\/www.climatechangenews.com\/2021\/04\/29\/uk-aid-cuts-hit-developing-cities-plans-protect-floods-fires\/\" target=\"_blank\" rel=\"noopener\">warned<\/a> this would &#8220;directly harm the life chances of the most vulnerable&#8221;.<\/p>\n<p>In order to meet the \u00a311.6 billion pledge, government officials have calculated that it would have to spend 83% of the total overseas aid budget on the international climate fund and &#8220;squeeze out room for other commitments&#8221;, the Guardian reported.<\/p>\n<blockquote><p><a href=\"https:\/\/www.climatechangenews.com\/2023\/07\/04\/shipping-set-to-boost-climate-targets\/\" target=\"_blank\" rel=\"noopener\"><strong>Shipping<\/strong> set to boost climate targets<\/a><\/p><\/blockquote>\n<p>Another government document <a href=\"https:\/\/www.theguardian.com\/global-development\/2023\/jul\/05\/uk-risks-shattering-global-standing-by-dumping-116bn-climate-pledge\" target=\"_blank\" rel=\"noopener\">reported<\/a> on by the British newspaper suggests underspending is set to continue. A civil servant from the department in charge of the programme wrote in a note that spending for 2022-23 was \u00a31.3 billion and initial analysis of business plans put the figure for 2023-24 at \u00a31.58 billion. This is below the trajectory set by the government, according to the report.<\/p>\n<p>The publication of the documents&#8217; content follows the resignation last Friday of Zac Goldsmith, a foreign office minister, over what he <a href=\"https:\/\/www.theguardian.com\/politics\/2023\/jun\/30\/zac-goldsmith-resignation-letter-in-full\" target=\"_blank\" rel=\"noopener\">described<\/a> as prime minister Rishi Sunak&#8217;s &#8220;apathy&#8221; towards climate change.<\/p>\n<h3>Broken trust<\/h3>\n<p><span style=\"font-weight: 400;\">Bolivia\u2019s Diego Pacheco, who represents the Like-Minded Developing Country coalition, told Climate Home News the news \u201cwill continue undermining the trust in the UNFCCC process\u201d. He also claimed this is \u201cpart of the same behavior not aligned with the respect of the Convention and its Paris Agreement\u201d, pointing to disappointment with the UK\u2019s role in securing a Glasgow Climate Pact he described as \u201cwithout equity\u201d. <\/span><\/p>\n<blockquote><p><a href=\"https:\/\/www.climatechangenews.com\/2023\/07\/05\/identifying-loss-and-damage-definition-war\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\"><strong>Identifying loss and damage<\/strong> is tough \u2013 we need a pragmatic but science-based approach<\/span><\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The looming threat of a broken pledge is likely to sow further divisions between developed and developing nations at a time when tension is already running high at climate talks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In Bonn last month negotiations teetered on the brink as the two camps fought for nine days over the inclusion of emissions reduction measures and climate finance in the agenda. In the end, they reached a compromise rescuing the talks but leaving many disappointed.\u00a0<\/span><\/p>\n<h3>Future implications<\/h3>\n<p><span style=\"font-weight: 400;\">A row back on the previous pledges could also stoke fears over rich nations&#8217; future commitments under current considerations. Countries are discussing how the loss and damage fund, secured at Cop27 last year, should be filled. A future climate finance pledge, building on the $100 billion a year one, is also being talked about.\u00a0<\/span><\/p>\n<p>Laetitia Pettinotti, an economist at Overseas Development Institute (ODI), says the UK&#8217;s breaking its promise would have &#8220;really stark implications&#8221; as it sends the wrong signals to the ongoing negotiations. &#8220;The UK is already among the laggards in climate finance,&#8221; she added, &#8220;this would be the final straw after years of distrust&#8221;.<\/p>\n<p>The UK has so far only provided 55% of its \u201cfair share\u201d under a <a href=\"https:\/\/odi.org\/en\/publications\/a-fair-share-of-climate-finance-an-appraisal-of-past-performance-future-pledges-and-prospective-contributors\/\" target=\"_blank\" rel=\"noopener\">calculation<\/a> done by the ODI that includes the size of its economy and historical emissions.<\/p>\n","protected":false},"excerpt":{"rendered":"The UK promised to deliver \u00a311.6 billion in international climate finance by 2026. But a leaked memo suggests the target is being dropped. ","protected":false},"author":98,"featured_media":48842,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[208],"tags":[778,4886],"coauthors":[4974],"class_list":["post-48841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-climate-finance","tag-developing-world","tag-united-kingdom","type-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Developing nations decry risk of UK breaking climate finance pledge<\/title>\n<meta name=\"description\" content=\"The UK promised to deliver \u00a311.6 billion in international climate finance by 2026. 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