01 Oct '15, 8am

BLOG: #Climate finance from the aid budget must also deliver on poverty, says @SiMacAnderson:

BLOG: #Climate finance from the aid budget must also deliver on poverty, says @SiMacAnderson:

The UK's increased promise of £5.8 billion in climate finance between 2016 and 2021 is welcome ahead of the Paris climate talks in December (COP21). But while finance to tackle climate change mitigation and adaptation is desperately needed, the announcement that this money will come from Official Development Assistance (ODA) raises significant issues. Not least is the question of whether the UK government can guarantee that this ODA money allocated to climate change responses will also help meet the commitments it made in New York to eliminate extreme poverty and implement the Sustainable Development Goals (SDGs) . Because the UK's official development assistance (ODA) budget is fixed at a laudable 0.7 per cent of gross national income (GNI), money directed towards climate finance by inference reduces the amount available for other aid commitments. The prime minister was c...

Full article: http://www.iied.org/climate-finance-aid-budget-must-also-...

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