The UK's recently released Corporate Report, '2021 UK Climate Finance Results' provides an overview of achievements from the UK's portfolio of International Climate Finance (ICF) investments between April 2011 and March 2021. According to the report, during this period the UK provided £9.6 billion (US$12.9 billion) in official development assistance (ODA) focused on helping low- and lower-middle-income countries (LMICs) to:
- Adapt to the current and future effects of climate change;
- Follow low-carbon economic growth;
- Assist with sustainable management of natural resources;
- Improve access to clean energy; and,
- Reduce deforestation.
The report estimates that the UK's ICF programs have:
- Provided direct support to 88 million people to help them with the impacts of climate change;
- Improved 41 million individuals’ access to clean energy;
- Helped to reduce or avoid 180 million tonnes of greenhouse gas emissions; and,
- Mobilized £5.2 billion (US$7.2 billion) in public and £3.3 billion (US$4.6 billion) in private finance for climate change purposes in low- and lower-middle-income countries (LMICs).
The UK has committed to increasing its ICF to £11.6 billion (US$15.6 billion) between April 2021 and March 2026 — a doubling compared to its previous five-year commitment.