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Climate Change: Finance

Asked by Wendy MortonConservativeForeign, Commonwealth and Development OfficeTabled Answered 19 March 2025UIN 36410

The question

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much and what proportion of expenditure on international climate finance will have been with (a) multilateral organisations and (b) development banks in each financial year between 2020-21 and 2025-26.

Answered by Stephen Doughty

The UK Government spend on International Climate Finance (ICF) was £1,560 million in 2020-21, £1,623 million in 2021-22, £1,641 million in 2022-23, and £2,277 million in 2023-24. Financial years 2024-25 and 2025-26 are not complete and so figures are not available. The proportion of ICF spent through multilateral organisations was 41% in 2020-21, 23% in 2021-22, 39% in 2022-23, and 46% in 2023-24. The proportion of ICF spent on development banks, included under multilateral organisations, was 0% between 2020-21 and 2022-23, and 16% in 2023-24.

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