International Climate Finance
International Climate Finance is a UK government commitment to support developing countries to respond to the challenges and opportunities of climate change.
In response to the global climate change challenge, the UK Government has committed to supporting developing countries to combat this challenge and make the best of the associated opportunities. The UK Government will achieve this through its International Climate Finance.
The adverse effects of climate change have become our new reality – with every country projected to be affected by its impact. Some of the adverse effects of climate change include global temperature increases and its inadvertent effects on the natural environment, food production and water resources. The adverse effects of climate change could be dismal and result in a reversal of the global gains in reducing poverty, which the UK has helped achieve over the last three decades. If not tackled, the adverse effects of climate change could stall or reverse global gains made towards achieving the Sustainable Development Goals.
UK International Climate Finance is supporting this global effort through three of its government departments. “Three government departments (DFID, BEIS and Defra) have responsibility for investing the UK’s £5.8bn of ICF between 2016 and 2021.
Our ICF delivers in the national interest, delivering all 4 aims of the UK aid strategy:
- strengthening global peace, security and governance
- strengthening resilience and response to crises
- promoting global prosperity
- tackling extreme poverty and helping the world’s most vulnerable”