The UK COP26 President, Alok Sharma, announced that the UK will be providing £165 million (US$222 million) of its development assistance funding to address climate change and gender equality.
Research performed by the UN shows that women are more vulnerable to the effects of climate change than men, given that they make up the majority of the world’s impoverished communities. The UK will use the announced funding to support two specific programmes:
- The Community Resilience Partnership Programme (CRPP) will help engage local communities and support grassroots women’s groups in the Asian and Pacific regions to challenge gender inequalities and adapt to the impacts of climate change. The UK is providing £45 million (US$60 million) to the program, which is part of the UK’s Climate Action for a Resilient Asia (CARA) program. CRPP is run by the Asian Development Bank, and the UK is the largest donor.
- The Bangladesh Climate and Environment Programme to build resilience, prevent pollution, and protect biodiversity, while also supporting women’s access to finance, education, and skills in Bangladesh. The UK will provide £120 million (US$161 million) to the program.
The UK’s CDC, its Development Finance Institution, has also recently launched a new toolkit on gender-smart climate finance. The toolkit was developed via the 2X Climate Finance Taskforce. CDC co-leads the task force with the European Investment Bank and the European Bank for Reconstruction and Development. The toolkit provides guidance for the finance community on how to deliver climate outcomes while promoting gender equality and women’s economic opportunities.