GWPF Calls For Halt To UK Low Carbon International Climate Funding
London, 19 November: The Global Warming Policy Forum is today calling for the UK’s new international climate finance contribution to go towards helping developing countries with adaptation measures to increase their resilience, rather than the funds being allocated to decarbonisation.
It has been reported that David Cameron will later this week pledge £650m to the Green Climate Fund, which aims to help the developing world deal with climate change.
The Government has already allocated £3.87 billion of taxpayers’ money to international climate finance. Since 2011, more than half of this funding has been allocated to low carbon energy development with only around a quarter being used for adaptation purposes.
It is also estimated that of the $35 billion of global international climate aid over the period 2010-2012, less than 15% was allocated to measures helping poor nations to cope with climate change.
Responding to reports of the UK’s contribution to the Green Climate Fund, Dr Benny Peiser, the director of the GWPF, said:
“International climate finance for decarbonisation is a detrimental use of aid money. The international community should be encouraging the development of the cheapest forms of electricity generation that offer populations in the developing world the best chances of escaping poverty. It is irresponsible to be actively promoting expensive alternatives that have already led to increasing fuel poverty in the UK and the EU.”
“We are also concerned about western green investors profiteering from the Green Climate Fund; something that Governments around the world should ensure does not happen.
“The UK’s contribution to international climate finance should be targeted at helping the developing world become more resilient instead of making energy more expensive for developing economies.”