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To ask His Majesty's Government, following the announcement by the Prime Minister's Office of 22 July, Cheaper travel for millions with a third off fares, whether any part of the UK's contribution to the Green Climate Fund will be provided in the form of loans rather than grants; if so, how much funding...
To ask His Majesty's Government, following the announcement by the Prime Minister's Office of 22 July, Cheaper travel for millions with a third off fares, whether any part of the UK's contribution to the Green Climate Fund will be provided in the form of loans rather than grants; if so, how much funding...
The Foreign, Commonwealth and Development Office (FCDO) uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. No existing FCDO International Climate Finance programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will list the (a) title (b) location and (c) value of projects funded by the Green Climate Fund as part of the International Climate Finance spend on nature and biodiversity.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if he will list the (a) title (b) location and (c) value of projects funded by the Green Climate Fund as part of the International Climate Finance spend on nature and biodiversity.
Details, including title, location, and value, of all projects funded by the Green Climate Fund (GCF) are available on the Fund's website: [https://www.greenclimate.fund/countries]. The GCF's Open Data Library, is also available via the website.
To ask His Majesty's Government what steps they are taking to address the UK’s $288 million (USD) reported shortfall in meeting funding requests from the Green Climate Fund.
To ask His Majesty's Government what steps they are taking to address the UK’s $288 million (USD) reported shortfall in meeting funding requests from the Green Climate Fund.
The UK remains committed to the Green Climate Fund (GCF) and, as one of the largest donors, has provided almost £1.5 billion to date. We have given the green light to make our £264 million payment this financial year, well in advance of the next GCF Board meeting in March. We have paid £185 million of this already.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, when his Department plans to deliver the UK’s (a) $288 million outstanding contribution to the Green Climate Fund and (b) $20.6 million pledge to the Adaptation Fund.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, when his Department plans to deliver the UK’s (a) $288 million outstanding contribution to the Green Climate Fund and (b) $20.6 million pledge to the Adaptation Fund.
The UK remains committed to the Green Climate Fund (GCF) and, as one of the largest donors, has provided almost £1.5 billion to date. We have given the green light to make our £264 million payment this financial year, well in advance of the next GCF Board meeting in March. We have paid £185 million of this already.
The UK COP26 Presidency supported a record replenishment for the Adaptation Fund of $356 million - nearly triple the previous highest collective mobilisation. This included a £15 million pledge from the UK, which has now been paid.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason the UK’s (a) $288 million outstanding contribution to the Green Climate Fund and (b) $20.6 million pledge to the Adaptation Fund have not yet been delivered; and if he will make a statement.
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, for what reason the UK’s (a) $288 million outstanding contribution to the Green Climate Fund and (b) $20.6 million pledge to the Adaptation Fund have not yet been delivered; and if he will make a statement.
The UK remains committed to the Green Climate Fund (GCF) and, as one of the largest donors, has provided almost £1.5 billion to date. We have given the green light to make our £264 million payment this financial year, well in advance of the next GCF Board meeting in March. We have paid £185 million of this already.
The UK COP26 Presidency supported a record replenishment for the Adaptation Fund of $356 million - nearly triple the previous highest collective mobilisation. This included a £15 million pledge from the UK, which has now been paid.
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of using the UK’s Special Drawing Right allocation to increase grant funding for the United Nation’s Green Climate Fund ahead of COP26.
To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of using the UK’s Special Drawing Right allocation to increase grant funding for the United Nation’s Green Climate Fund ahead of COP26.
The IMF Special Drawing Right (SDR) is an international reserve asset designed to supplement the official reserves of IMF member countries. SDRs are allocated to members, including the UK, in proportion to their IMF quota shares. HMG therefore holds SDRs as part of the UK’s international reserves.
The UK strongly supports the proposed new $650bn SDR allocation and has urged its implementation by the end of August. The UK also strongly supports the G7’s ambition to significantly magnify the impact of the allocation to reach a total global ambition of $100bn to the countries most in need.
The UK together with other G7 members has called on the IMF to work quickly to explore a menu of options for the voluntary channelling of SDRs to further support health needs and to help enable greener, more robust recoveries in the poorest and most vulnerable countries. G20 Finance Ministers and Central Bank Governors have also committed to explore options to channel SDRs to support resilient, inclusive and sustainable recoveries.
As COP26 Presidency, the UK is committed to delivering climate ambition ahead of and beyond the conference, including strong efforts on emissions reduction and ensuring there is finance flowing for mitigation and adaptation globally.
The UK has committed to contribute £1.44bn to the Green Climate Fund from 2019-2023, which will support projects that reduce emissions and help people adapt to the impacts of climate change.
The International Development Secretary recently said that he wants to double the UK’s current £1.1 billion commitment to the UN green climate fund. As the UK is yet to do so, will the Minister who has temporary responsibility for our engagement with the UN climate talks assure us today that it is the Government’s intention to commit additional money to the fund?
The International Development Secretary recently said that he wants to double the UK’s current £1.1 billion commitment to the UN green climate fund. As the UK is yet to do so, will the Minister who has temporary responsibility for our engagement with the UN climate talks assure us today that it is the Government’s intention to commit additional money to the fund?
Obviously, any decision on future funds will be made within the spending review, but I can absolutely say that it is vital that we work cross-departmentally to look at how we can harness all the resources of Government towards tackling climate change. The Secretary of State for International Development has made that commitment personally, and I can double down on that commitment to ensure that we tackle climate change in the poorest countries in the world.
Obviously, any decision on future funds will be made within the spending review, but I can absolutely say that it is vital that we work cross-departmentally to look at how we can harness all the resources of Government towards tackling climate change. The Secretary of State for International Development has made that commitment personally, and I can double down on that commitment to ensure that we tackle climate change in the poorest countries in the world.
Obviously, any decision on future funds will be made within the spending review, but I can absolutely say that it is vital that we work cross-departmentally to look at how we can harness all the resources of Government towards tackling climate change. The Secretary of State for International Development has made that commitment personally, and I can double down on that commitment to ensure that we tackle climate change in the poorest countries in the world.
The International Development Secretary recently said that he wants to double the UK’s current £1.1 billion commitment to the UN green climate fund. As the UK is yet to do so, will the Minister who has temporary responsibility for our engagement with the UN climate talks assure us today that it is the Government’s intention to commit additional money to the fund?
To ask the Secretary of State for International Development, what discussions he has had with the Chancellor of the Exchequer on increasing contributions to the Green Climate Fund to support other countries in adopting their own versions of the Green New Deal.
To ask the Secretary of State for International Development, what discussions he has had with the Chancellor of the Exchequer on increasing contributions to the Green Climate Fund to support other countries in adopting their own versions of the Green New Deal.
The Green Climate Fund (GCF) plays an important role supporting the Paris Agreement, helping developing countries to build their climate resilience and grow in a low carbon way. The UK contributed £720 million from 2015-18 in the GCF’s first phase of operations. Countries are now discussing funding for the next phase – as well as how the GCF could be made more effective. DFID and the Department for Business, Energy and Industrial Strategy (BEIS) are preparing the case for a UK contribution, consulting HM Treasury as appropriate.
To ask the Secretary of State for International Development, what her Department’s contribution has been to the Green Climate Fund in each of the last four years.
To ask the Secretary of State for International Development, what her Department’s contribution has been to the Green Climate Fund in each of the last four years.
The UK’s contribution to the Green Climate Fund is provided by DFID and the Department for Business, Energy and Industrial Strategy (BEIS). DFID's contribution in each of the last four years has been as follows:
2013/14: £1.88 million
2014/15: £0.62 million
2015/16: £160 million
2016/17: £60 million
The Green Climate Fund supports climate-resilient, low-carbon development in developing countries. Projects funded by the Green Climate Fund will help increase the resilience of people, communities and regions most vulnerable to the impact of climate change and help reduce future carbon emissions, for example by supporting cleaner energy.
To ask the Secretary of State for International Development, what the total global contribution to the Green Climate Fund has been in each of the last four years.
To ask the Secretary of State for International Development, what the total global contribution to the Green Climate Fund has been in each of the last four years.
The total global contribution to the Green Climate Fund (GCF) in each of the last four years has been:
2013: $28 million
2014: $89 million
2015: $1,758 million
2016: $1,570 million
The GCF supports climate-resilient, low-carbon development in developing countries, including by playing a key role in levering finance from multilateral development banks and the private sector for sustainable development. Further information about contributions can be found on the GCF website: http://www.greenclimate.fund/home
To ask Her Majesty’s Government how much the Department of Energy and Climate Change plans to spend on the Green Climate Fund in each financial year from 2015–16 to 2017–18.
To ask Her Majesty’s Government how much the Department of Energy and Climate Change plans to spend on the Green Climate Fund in each financial year from 2015–16 to 2017–18.
The Department of Energy and Climate Change contributed £80 million to the Green Climate Fund during the 2015-2016 financial year. DECC plans to contribute £80 million in FY 2016-2017 and £80 million in FY 2017-2018, dependent on the financial needs of the Green Climate Fund.
To ask the Secretary of State for Energy and Climate Change, what estimate she has made of the total UK financial commitment to the Green Climate Fund until 2030.
To ask the Secretary of State for Energy and Climate Change, what estimate she has made of the total UK financial commitment to the Green Climate Fund until 2030.
To date, over $10.2 billion has been pledged to the Green Climate Fund (GCF) from 38 developed and developing countries. The funds are used to help developing countries to deal with the impact of climate change, and it is strongly in our national economic interest to contribute to it. As part of this initial resource mobilisation period, the UK has committed £720 million to the GCF. We will consider further UK contributions to the GCF in subsequent resource mobilisation periods.
To ask the Secretary of State for Energy and Climate Change, pursuant to the Answer of 13 January 2015 to Question 219963, how many times the Green Climate Fund board has met during the last 12 months.
To ask the Secretary of State for Energy and Climate Change, pursuant to the Answer of 13 January 2015 to Question 219963, how many times the Green Climate Fund board has met during the last 12 months.
The Green Climate Fund Board met on four occasions during the last 12 months, comprising three formal Board meetings and one informal Board dialogue.
To ask the Secretary of State for International Development, what the UK has contributed to the Green Climate Fund.
To ask the Secretary of State for International Development, what the UK has contributed to the Green Climate Fund.
The UK has pledged to contribute £720m to the Green Climate Fund. The UK is a strong supporter of the Green Climate Fund, as the key new vehicle for helping developing countries adapt to climate change and follow low-carbon development paths.
To ask the Secretary of State for Energy and Climate Change, pursuant to his Written Statement of 18 December 2014, HCWS143, on Lima Climate Change Conference, what steps he has taken to ensure that the UK's contribution to the Green Climate Fund will deliver value for money.
To ask the Secretary of State for Energy and Climate Change, pursuant to his Written Statement of 18 December 2014, HCWS143, on Lima Climate Change Conference, what steps he has taken to ensure that the UK's contribution to the Green Climate Fund will deliver value for money.
In order to ensure value for money for the UK’s contribution, we are actively engaging in developing and monitoring the performance of the policies that govern the Fund. Through our seat on the Green Climate Fund (GCF) Board and the GCF Investment Committee, the UK is working with other Board members to agree:
· A strong investment policy against which all funding proposals will be assessed;
· A robust results management framework to ensure project results are accurately measured and evaluated; and
· Stringent criteria (including fiduciary standards and environmental and social safeguards) that will apply to all entities accredited to deliver GCF projects.
Through regular monitoring and evaluation, the UK, along with other Board members, will ensure that the GCF delivers real world outcomes and good value for money in a broad range of countries.
To ask the Secretary of State for International Development, what the total value is of her Department's funding for the Green Climate Fund; and what proportion of that funding is non-fiscal.
To ask the Secretary of State for International Development, what the total value is of her Department's funding for the Green Climate Fund; and what proportion of that funding is non-fiscal.
The UK has pledged up to £720m to the Green Climate Fund, which will come from both DFID and DECC budgets. The level and nature of each Department’s contribution remains subject to Ministerial approval.
To ask the Secretary of State for International Development, what proportion of the UK's funding for the Green Climate Fund is drawn from the UK's International Climate Fund.
To ask the Secretary of State for International Development, what proportion of the UK's funding for the Green Climate Fund is drawn from the UK's International Climate Fund.
UK contributions to the Green Climate Fund will come from within the existing budget of the International Climate Fund in the current spending review period.