The UK government has come under fire for sending a “strong negative signal” ahead of the Cop27 climate summit in Egypt, by failing to make $300m (£260m) of promised climate finance payments. Clare Shakya, director of the climate change group at the International Institute for Environment and Development, said the failure to deliver was “very, very poor timing”.
Cop26 was all about rebuilding trust. It was the British government that pushed every country to “up what they are doing to increase climate and adaptation funding.” Now, even before Cop27, the the trust is broken by the failure of the UK government to keep its promises. Know more about the climate fund and why it is being collected.
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Why Is The British Government Under Fire?
The British government has come under fire for sending a “strong negative signal” ahead of the Cop27 climate summit in Egypt. It failed to make $300m (£260m) of promised climate finance payments. Even before this alleged “negative signal” the UK has already caused upset among developing countries.
A statement was given from Downing Street that Rishi Sunak, the prime minister of the United Kingdom, would not attend Cop27. The reason provided for his absence was that his focus was on “domestic issues.” Britain is the current holder of the Cop presidency and will hand it over to Egypt in November.
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Why Are Climate Funds Being Collected?
The UK missed its September deadline to provide $288m to the Green Climate Fund (GCF) dedicated to helping developing countries to adapt and mitigate climate effects. A separate $20.6m pledge the UK made to the adaptation fund has also yet to be paid. Both funds support projects in the developing world, where people are suffering the most from a climate crisis they did least to cause.
At a meeting of the GCF board last month in South Korea, developing countries expressed concern over the effect of the UK’s failure to fulfil its promises. Board notes of the October meeting showed that three projects approved by the fund would now be put on hold due to a “lower volume of contributions from contributors than was anticipated”.
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