Climate Change: Finance
The question
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether the Government plans to adopt a new target that would triple UK international climate finance to 2035 in line with the global goal agreed at COP28.
Answered by Stephen Doughty
The UK remains committed to providing International Climate Finance (ICF) now and in the future, and to playing our part alongside other developed countries and climate finance providers to deliver our international obligations. Climate and nature are top priorities for the UK's Official Development Assistance (ODA) budget, alongside humanitarian and health. Meeting the £11.6 billion ICF commitment by March 2026 remains the Government's ambition. Detailed decisions on how the ODA budget will be used are being worked through as part of the ongoing Departmental resource allocation processes. The Government will set out spending plans following the completion of these resource allocation processes.
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