Britain is set to slash funding for poor countries affected by climate change, cutting aid by more than a quarter despite promises to increase assistance and warnings that the move could cost lives. The cut will reduce spending power from £11.6bn in five years to £9bn, which would be a 40% decrease since 2021.
Climate finance is crucial for vulnerable countries, where even small amounts can make a huge difference between resilience and disaster. Cutting it now will have devastating consequences. Experts claim that if the UK backs out of its commitments, other nations may follow suit, leading to disastrous consequences for global climate action.
The plan comes as the UK has been accused of being less committed to addressing climate change. The Foreign Office is still arguing over the details of a new round of international climate finance, which will likely be £2bn annually. However, some say that a five-year period would allow more effective use of funds.
Critics also point out that funding for nature conservation could be cut significantly, and even flagship projects such as the Blue Planet Fund might be hit. Climate experts warn that protecting nature is essential to national security and social stability.
The Treasury has claimed that the budget will still meet international commitments but critics say transparency around spending is lacking. The UK's spy chiefs have warned of severe consequences if ecosystems collapse, including food shortages and war risks.
Climate finance is crucial for vulnerable countries, where even small amounts can make a huge difference between resilience and disaster. Cutting it now will have devastating consequences. Experts claim that if the UK backs out of its commitments, other nations may follow suit, leading to disastrous consequences for global climate action.
The plan comes as the UK has been accused of being less committed to addressing climate change. The Foreign Office is still arguing over the details of a new round of international climate finance, which will likely be £2bn annually. However, some say that a five-year period would allow more effective use of funds.
Critics also point out that funding for nature conservation could be cut significantly, and even flagship projects such as the Blue Planet Fund might be hit. Climate experts warn that protecting nature is essential to national security and social stability.
The Treasury has claimed that the budget will still meet international commitments but critics say transparency around spending is lacking. The UK's spy chiefs have warned of severe consequences if ecosystems collapse, including food shortages and war risks.