- Foreign Secretary travels to Egypt for COP27 climate change
conference
-
will today announce a
range of investments worth over £100 million
- He will also urge international partners to speed up progress
towards delivering on COP26 targets.
Foreign Secretary is in Sharm el-Sheikh at
COP27 today to call for tangible action to deliver on the
commitments made at COP26 in Glasgow and support developing
economies to tackle the impacts of climate change.
The Foreign Secretary will today announce a range of significant
UK investments worth more than £100 million to support developing
economies to respond to climate-related disasters and adapt to
the impacts of climate change, delivering on targets set at
COP26.
The Prime Minister is expected to make a raft of
adaptation-related announcements at the conference later today,
including that the UK will triple funding for adaptation
programmes from £500 million in 2019 to £1.5 billion in
2025
Mr Cleverly will also argue that long-term prosperity depends on
taking action on climate change and ramping up investment in
renewable energy across the world, pointing to the impact of
Russia’s illegal invasion of Ukraine on the global economy.
Foreign Secretary said:
“The Glasgow Climate Pact gave the world the tools to limit
the rise in global temperature to 1.5 degrees and build a secure
and sustainable future.
“Now is the time for all countries to step up their action on
climate change and deliver the tangible change
needed.
"The UK will continue to play a leading role in this mission.
The funding we have announced will support countries which are
facing the devastating impact of climate change, to adapt
effectively.”
The Foreign Secretary will announce today that the UK will
provide £20.7 million in Disaster Risk Financing to support
countries which face climate-related disasters, helping them to
afford insurance and to access reliable funding, more quickly,
after a disaster.
As an example, this funding will allow the World Food Programme
to insure food supplies for almost 5 million people across 23
vulnerable countries in cases of climate-related disasters, and
will help small island developing states build resilience to
extreme weather events.
This support is part of the commitment made in 2021 at the UK G7
in Carbis Bay, Cornwall, to spend £120 million on Disaster Risk
Financing.
The UK will also announce several new funding allocations to
support countries to adapt to the impacts of climate change over
the longer-term. The UK will spend £13 million to support
vulnerable countries to adapt to climate impacts, and towards
efforts to avert, minimize and address loss and damage, including
through new funding for the Santiago Network, an organisation set
up to support vulnerable countries to access technical assistance
on adaptation.
In Nigeria, the UK will provide a £95 million investment to
support the development of climate-resilient agriculture
programmes, for example through scaling up heat tolerant crop
varieties. The funding will support more than 4 million people,
including 2 million women, to increase productivity while
reducing emissions.
At a meeting with his Colombian counterparts, the Foreign
Secretary will also sign a Memorandum of Understanding with
Colombia to renew their “Partnership for
Sustainable Growth”, deepening bilateral cooperation on
climate change and increasing efforts to protect and restore
nature and biodiversity in land and marine ecosystems.
Under the UK’s COP Presidency, almost all developed country
climate finance providers made new, forward-looking climate
finance commitments, with many doubling or even quadrupling
support for developing countries to take climate action.
The Climate Finance Delivery
Plan Progress Report has reaffirmed that the climate finance
goal will be met by developed countries by 2023 latest, with over
$500bn mobilised over the 5-year period 2021-25.
NOTES TO EDITORS
The COP26 Outcomes report
details key achievements across the UK Presidency’s four
overarching goals of mitigation, adaptation, loss and
damage, finance and collaboration. Highlights from COP26 and the
UK Presidency include:
- Keeping 1.5 degrees alive: Over 90% of the world’s GDP, up
from 30% when the UK took on the COP presidency, is now covered
by net zero commitments with over 153 countries putting forward
new 2030 climate plans, known as nationally determined
contributions.
- Increasing funding and launching UN work for dealing with
climate impacts: record amounts of adaptation finance have been
pledged to the Adaptation Fund and the Least Developed Country
Fund under the UK Presidency. In addition at COP26, countries
agreed to double 2019 levels of adaptation finance by 2025, the
first quantified adaptation finance target.
- Accelerating unprecedented sectoral transitions with
commitments covering the energy, coal, methane, fossil fuel
financing, forests and land, and transport sectors, including the
first reference to coal in a cover decision agreed by 197
Parties.
- Finalising the Paris Rulebook after 6 years of
negotiations.
Additional information:
- £13m Adaptation and Loss and Damage package includes £5m for
the Santiago Network and £4m for Climate Risk Management
including the Risk-Informed Early Action Partnership (REAP)