UK increases financial support for climate adaptation in Africa –
Posted on 09.11.2022 at 12:01 by Nana Kamsu Kom
UK Foreign Secretary James Cleverly confirmed at COP27 that the UK would provide £200 million to the African Development Bank Group’s Climate Action Window.
Several countries on the continent are experiencing extreme weather conditions, from severe drought in Somalia to floods in South Sudan. “Climate change is having a devastating impact on some of the poorest countries in sub-Saharan Africa, but historically these countries have received very little climate change fundingsaid Foreign Secretary James Cleverly. He added: ” Thanks to this new facility from the African Development Bank, vital resources will be delivered much more quickly to the countries most affected by the effects of climate change.”.
The UK Foreign Secretary continued: “Access to climate finance for emerging economies was a key objective at COP26 in Glasgow and I am pleased to see tangible progress being made, supported today by £200m in UK funding..”
Climate change has a disproportionate impact on the 37 poorest and least creditworthy countries in Africa. Nine of the ten countries most vulnerable to climate change are in Africa. The Glasgow Climate Pact included a pledge by donors to double funding for adaptation action between 2019 and 2025.
Prime Minister Rishi Sunak announced over the weekend that the UK would exceed that target and triple adaptation funding to £1.5bn by 2025, up from £500m in 2019. Funding at the African Development Bank will be 100% allocated to climate adaptation.
The Prime Minister also confirmed on Monday (November 7) that the UK is meeting its commitment to spend £11.6 billion on international climate finance between 2021/22 and 2025/26.
Additionally, this new African Development Bank facility will see vital funds flowing to those most affected by the impacts of climate change, much faster.
Lack of access to climate finance for the world’s poorest countries was a central concern at COP26 in Glasgow. This £200 million funding from the UK is helping us make tangible progress in tackling this problem.