Displaying 1 - 20 of 646

UK commits US$20 million to Global Financing Facility

The UK Minister of State for Asia and the Middle East, Amanda Milling, tweeted that the UK has committed £15 million (US$20 million) to support the Global Financing Facility (GFF), a global mechanism for supporting low- and middle-income countries to invest in women, children and adolescent health.

The commitment was made at GFF’s ‘Reclaim the Gains’ meeting in Washington, DC on April 22, 2022, which saw international development providers, including the UK, provide an additional US$500 million in total to GFF. The impact of COVID-19 has severely restricted access to health services; GFF reported that coverage of lifesaving health interventions for women, children, and adolescents in 36 GFF countries dropped up to 25% in the first year of the pandemic.

Tweet - Amanda Milling

Press release – GFF

US$10.1 billion in new funding committed in 'Stand Up for Ukraine' campaign

Global Citizen, along with the European Commission and the Canadian government, launched a 'Stand Up for Ukraine' global social media rally on April 8, 2022. US$10.1 billion in funding - US$4.6 billion in grants and US$5.5 billion in loans) have been committed during the campaign, and 20,277 actions have been taken to support those fleeing their homes in Ukraine. 

The campaign culminated in a pledging event in Warsaw on April 9, 2022, to recognize Poland's essential role in supporting refugees fleeing the war in Ukraine. Global Citizen called on donors to recognize the importance of utilizing this funding as both new and additional; specifically, the use of the funds should not undermine other development priorities, nor should it pit crises against each other. 

Canada: As a co-host of the campaign, Canada committed an additional CAD$100 million (US$79 million) in humanitarian support to Ukraine and neighboring countries with a particular focus on trauma care. Canada has provided CAD 245 million (US$194 million) since January of 2022 for the crisis. 

EU: The European Commission, a co-host of the campaign, committed €600 million (US$660 million) for Ukraine and €400 million (US$440 million) for refugees hosted in the EU.

The European Investment Bank (EIB) committed €4 billion (US$4.4 billion) for 2022-2023 to support EU member states hosting Ukrainian refugees and to develop social infrastructure. This contribution is a part of the EIB’s Ukraine Solidarity Package, under which the EIB has already provided a €668 million (US$755 million) financial aid package to Ukraine to help Ukrainian authorities meet the country’s “most urgent financial needs”, such as buying food, medical supplies, and fuel.

The Council of Europe Development committed €1 billion (US1.1 billion) in loans to member states to support countries hosting refugees. 

Italy: Italy pledged an additional €360 million (US$396 million) in humanitarian assistance for refugees in Europe. 

Sweden: Sweden committed €300 million (US$330 million) to in-country refugee hosts, specifying that the funding would not come out of the official development assistance (ODA) budget. 

Additional donors: Additional countries expressed their support for the campaign and reiterated existing funding promises. 

The Donor Tracker was included as one of the 77 signatories in the open letter to world leaders. 

Report - Global Citizen

News article - Global Citizen

Press release - European Commission

Press release - EIB

Canada co-convenes Stand Up for Ukraine event with European Commission, raising US$9.8 billion

On April 9, Canada’s Prime Minister Justin Trudeau co-convened the “Stand Up for Ukraine” pledging event with the President of the European Commission and in partnership with Global Citizen in a worldwide show of solidarity with Ukraine. The event raised over CA$12.4 billion (US$9.8 billion) to address the crisis and support Ukrainian refugees.

As part of the event, Trudeau announced an additional CA$100 million (US$79 million) to support emergency health services, including trauma care, protection, shelter, water, and food to respond to the worsening crisis in Ukraine and neighboring countries. 

With this announcement, Canada has provided CA$245 million (US$194 million) since January 2022 in assistance to respond to the conflict in Ukraine. Furthermore, in the government's 2022 budget, Canada announced more than CA$1.2 billion (US$951 million) in direct contributions to support Ukraine, in addition to an offer of up to CA$1.6 billion (US$1.3 billion) in loan support to the Ukrainian government.

Press release - Prime Minister of Canada 
Press release - Prime Minister of Canada

Major donors contribute $1.5 billion to CEPI’s pandemic-busting plan, but fall short of expectations

Major donors contributed a total of US$1.5 billion to the Coalition for Epidemic Preparedness Innovations (CEPI)'s at the Global Pandemic Preparedness Summit in London on March 7 - 8 2022 to help kick start the organization’s 100 Days Mission, aiming to have safe and effective vaccines within 100 days of the identification of a pandemic or epidemic threat.

Representatives from 20 countries attended the Summit. UK, Japan, Norway, US, Germany, Australia, the Bill & Melinda Gates Foundation and Wellcome were some of the largest donors. G20 President Indonesia also pledged US$5 million in support for CEPI. 

Pandemic Action Network noted that "While this is a welcome and important first step toward a world that is better prepared for pandemic threats, it is disappointing that many governments failed to match political support with bold and meaningful financial commitments."

Press release - CEPI

Press release - Pandemic Action Network

Newly developed material could end vaccine refrigeration requirement, help with distribution

Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) has developed a material that could protect vaccines for up to 12 weeks at room temperature. Live vaccines would normally last only a few days at such temperatures. 

This could improve access to vaccines in the remote and rural areas of low-income countries. CSIRO has achieved proof of the concept with 2 vaccines, one an Influenza A vaccine, and the other, a poultry vaccine against Newcastle Disease.

The researchers encapsulated live virus vaccines in a crystalline material that dissolved after injection. The approach was applicable to human live virus vaccines, including mRNA vaccines against COVID-19. It could also be used for animal vaccines.

Press release – CSIRO

Global adult multi-vaccination program could save US$3.4 trillion and millions of lives if implemented, according to report

A new report by the Tony Blair Institute, the Ellison Institute, and Oxford University, entitled 'A Global Opportunity to Combat Preventable Disease: How to Use Covid-19 Infrastructure to Transform Public Health Worldwide', calls for the world to capitalize on the COVID-19 pandemic experience to establish a new global adult vaccination program to save lives and to avoid financial loss as a result of poor health in the future.

The report highlights that at least 10 million annual deaths are due to diseases that have existing or forthcoming adult vaccines and preventative injectable therapies. However, as the COVID-19 pandemic has demonstrated, the current global architecture for delivering vaccinations is not efficient, demonstrated by problems with the development, manufacture, and distribution of vaccinations and preventative therapies.

The report sets out how a global adult-vaccination program underpinned by a strong new partnership between low- and middle-income countries and high-income countries could improve global population health, increase economic benefits, and increase autonomy for low- and middle-income countries.

Interestingly, the report uses a new methodology to make the case for vaccine investment by evaluating the impact of a structured program with multiple simultaneous vaccines and by considering the economic impact of preventing the next global pandemic. Using this methodology, the report shows that a global adult-vaccination program could save US$3.40 trillion globally, with an estimated $1.0 trillion in savings for low-income countries.

The report calls for key global health multilateral organizations – like GAVI, the Vaccine Alliance, the World Health Organization (WHO), The Global Fund to Fight AIDS, Tuberculosis and Malaria, the World Bank, and additional philanthropic partners - to come together to mobilize resources, infrastructure, and expertise to lead the development of the proposed program.

The report calls for organizations - like the Africa Centres for Disease Control and Prevention (Africa CDC), the Pan American Health Organisation (PAHO), and the Association of Southeast Asian Nations (ASEAN) - to lead in the coordination of supply and demand tracking for vaccines, determine allocations for financial resources, and harmonize global regulations on manufacturing and rollouts.

Governments receiving the vaccines should additionally prepare for demand and distribution; scientists should agree on global eligibility and dosing guidelines, and the private sector should enable the availability and affordability of vaccines for low-income countries. The report notes that the program can only work if every actor takes responsibility.

Report -  Global Opportunity to Combat Preventable Disease

Funding for neglected diseases fell by 4% in 2020, says G-FINDER report

Policy Cures Research published its latest G-FINDER report entitled "Neglected Disease Research and Development: New Perspectives,' on January 27, 2022, which provides a comprehensive analysis of global investment in research and development to address neglected diseases in low-income countries in 2020. 

The report reviews the first year of the COVID-19 pandemic and outlines the impact of the crisis on neglected tropical disease funding, which dropped 4% globally from 2019. With a total US$3.9 billion in funding, 2020 sits well above neglected disease funding's long-term average. 

Australia: Australia contributed US$46 million in neglected disease funding in 2020, prioritizing malaria, dengue, bacterial pneumonia & meningitis, hepatitis B and C, rheumatic fever, Buruli ulcer, and scabies. Australia is the third-largest public funder of neglected disease per capita, at US$3.39 per US$100,000 following the United States and United Kingdom. 

Canada: Canada contributed US$12 million to neglected disease funding in 2020, the ninth-largest public funder. 

EU: The European Commission was the third-largest public funder of neglected diseases in 2020; it was the only public funder to increase funding compared to 2019. The US$41 million increase (33%) to US$164 million was largely driven by support for tuberculosis research, which increased by US$23 million. 

France: France contributed US$40 million to neglected disease funding in 2020, the seventh-largest public funder, prioritizing Leptospirosis. 

Germany: Germany contributed US$55 million to public neglected disease funding in 2020, the fifth-largest funder. 

Japan: Japan contributed US$12 million in neglected disease funding in 2020, prioritizing Buruli ulcer and mycetoma, as the tenth-largest public funder.

Netherlands: The Netherlands contributed US$11 million in neglected disease funding in 2020, the eleventh-largest public funder. 

Sweden: Sweden contributed US$11 million in neglected disease funding in 2020, the twelfth-largest public funder. 

United Kingdom: The United Kingdom was the second-largest public contributor to neglected diseases with US$187 million in funding in both absolute and per capita terms. It has remained the second-largest funder for 5 years. It prioritized HIV/AIDS, TB, malaria, diarrhoeal disease, kinetoplastid disease, helminth, Salmonella, dengue, bacterial pneumonia and meningitis, cryptococcal meningitis, snakebite envenoming, leprosy, scabies, and mycetoma research. 

United States: The United States remained the largest public funder of neglected diseases by far, following historical trends, with US$1.9 billion in total funding. It remained the top-funder in the neglected disease space in both absolute and per capita terms.

High-income country (HIC) governments provided the vast majority of global funding (63%), followed by the philanthropic sector (21%), industry (12%); the remaining 4% was divided between multilateral organizations and low- and middle-income country governments. 

The philanthropic sector provided US$823 million of funding for neglected diseases, an 3.6% increase from 2019. Top donors include the Gates Foundation, Wellcome Trust, Open Philanthrophy, Médecins Sans Frontières (MSF), Fundació La Caixa, and funds raised from the general public. Wellcome Trust and Open Philanthropy uped their contributions in 2020, making up the bulk of the increase in the philanthropic sector. 95% of all philanthropic funding for neglected diseases in philanthropy comes from the top three funders, Gates, Wellcome, and Open Philanthropy. 

While overall funding decreased minimally, G-FINDER is worried about the impact of the COVID-19 pandemic and other crises on neglected tropical disease funding in the future. The team expects that widespread focus on the COVID-19 pandemic could take away from resources and attention funders might otherwise have given to neglected diseases. The immediate impact of COVID-19 is most evident, however, in clinical trials. Funding in this sector for neglected diseases fell by US$124 million, or a 10% drop from 2019, and is mainly attributed to difficulties in conducting trials due to lockdowns and travel restrictions. 

Report - Policy Cures Research

Executive Summary - Policy Cures Research

Coalition of 60 renowned scientists call on global governments to allocate 2% of military budgets to global public goods

Carlo Rovelli and Matteo Smerlak, internationally renowned Italian scientists, called on global governments to allocate 2% of their military budgets to international solidarity projects and global public goods. 60 high-profile scientists, including 50 Nobel Prize winners, from all over the world joined the call to action as signatories.

The scientists pointed to the fact that military spending has doubled globally since 2000 to nearly two trillion US dollars annually, an incredible sum which continues to increase in every global region.

Signatories proposed that half of the resources sourced by this agreement be channeled into a global fund under the United Nations' supervision to address humanity's most pressing needs: pandemics, climate change, and extreme poverty. The other half would remain at the disposal of individual governments and redirect the military industry to peaceful purposes in areas of greatest urgency.

News article – Corriere della Sera website

UK ODA cuts had drastic negative impact on global efforts to eradicate HIV, says new report

The UK All-Party Parliamentary Group (APPG) on HIV/AIDs, along with NGOs STOPAIDS and Frontline AIDS, recently published a report documenting the negative impact of the UK's development assistance cuts on the global fight to eradicate HIV.

The report warns that the UK’s historic policy and financial leadership on addressing HIV/AIDs is now in jeopardy, as a result of cuts of up to 80% in UK funding to key multilateral organizations working on HIV like UNAIDS, UNFPA, and Unitaid. These cuts, the report argues, have slowed down the international community’s ability to meet the UN’s Sustainable Development Goal to eradicate HIV by 2030. For example, all of UNAIDS’ Global HIV targets were missed last year, in particular, 1.5 million people acquired HIV in 2020: triple the intended target.

Steve Brine, the Conservative MP for Winchester and co-chair of the APPG on HIV/AIDS, commended the UK government for recently publishing its own Action Plan for ending HIV transmission in England and Wales by 2030, but criticized the failure to also set out a plan for how the UK will support the eradication of HIV/AIDs at the global level. Brine called for the UK to go back to delivering 0.7% of its gross national income as official development assistance, and for the UK to increase its funding for the research and development of an HIV vaccine, following the success of the UK-supported COVID-19 AstraZeneca vaccine.

Report - Jeopardising Progress

News article - Politics Home

Former UK Prime Minister criticizes global vaccine inequity as Omicron variant spreads

Former UK Prime Minister Gordon Brown berated high-income nations for their failure to share COVID-19 vaccines, particularly with low-income nations, as fears rise around the emergence of the new Omicron variant, which was first detected by South African scientists.  

Brown stated that the failure of high-income countries to share vaccines in an equitable manner was ‘coming back to haunt us’ as experts said that variants like omicron could have been avoided if jabs had been given out more fairly around the world. Current data shows that only 3% of people in low-income countries are fully vaccinated compared to 60% in the rest of the world.

Brown called for a global accord to enable better distribution and was highly critical of the EU, which has been buying up vaccines made in South Africa.

News article - The Guardian

Italy appoints first Special Envoy for Human Rights of LGBTQI+ people

Italian Minister of Foreign Affairs Luigi Di Maio announced the appointment of Fabrizio Petri as Italy's first Special Envoy for the Human Rights of LGBTQI+ people in the world. 

Petri currently serves as the Chair of the Interministerial Committee for Human Rights (CIDU). 

The Special Envoy will coordinate Ministry of Foreign Affairs action for protection against discrimination and promotion of the rights of LGBTQI+ persons and communities and promote broader decriminalization worldwide.

News article - Agenzia Italiana

UK government under fire for COP26 management; cuts to development budget unhelpful in reaching agreement

In a scathing article by Politico, the UK government was criticized for how it handled the COP26 summit, which was widely viewed as unsuccessful despite the UK Presidency's ambitions. 

The article, which drew on interviews with insiders in the UK’s government’s COP26 unit and former Ministers, claimed that disorder at the highest levels of the UK government undermined their ability to negotiate effectively with other countries to craft a good deal.   

The article notes that two Cabinet Ministers – Rishi Sunak and Foreign Secretary Liz Truss - were reluctant to even host the summit and failed to embrace it, making it difficult to find agreement across the UK Cabinet on key priorities.

The article highlights that the most damaging impact on the success of the summit came from the Chancellor’s decision to cut the UK's official development assistance (ODA) budget, placing the UK in a difficult position to convince low-income countries to agree to any deal. Several conservative MPs (serving and ex-cabinet Ministers) publicly warned the government earlier this year that cuts to the UK ODA budget would threaten COP26 and the UK Presidency's ability to negotiate a good deal. 

The article, however, praises COP26 President, Alok Sharma, for being a trusted broker; it ends with noting that in the end Sharma alone could not guarantee the success the UK had hoped for.

The UK will hold the COP26 Presidency until November 2022.

News article - Politico

Canada's Trudeau announces US$977 million for enhanced climate action at COP26 summit

On the first day of the COP26 Summit on November 1st, 2021, Prime Minister Justin Trudeau introduced Canada’s ambitious new plans to help low-income countries transition to green alternatives, support the global phase-out of thermal coal, and reduce pollution from the oil and gas industry.

To further support the global climate action efforts, Prime Minister Trudeau announced up to CA$1.0 billion (US$808 million) through Canada’s international climate finance contribution for the Climate Investment Funds' Accelerated Coal Transition Investment Program. This investment will help low-income countries transition from coal-fired electricity to clean energy by supporting the implementation of country-level strategies and accelerating the retirement of existing coal mines and coal power plants while supporting an economically strong and socially inclusive transition.

Trudeau also announced CA$25 million (US$20 million) in funding for the Energy Sector Management Assistance Program. This partnership with the World Bank will help develop and implement clean energy alternatives and support low- and middle-income countries in the transition to a cleaner economy. The Prime Minister also announced that Canada is working to end exports of thermal coal by no later than 2030. The ban accompanies action already taken, including accelerating phasing out conventional coal-fired electricity in Canada by 2030 and investing more than CA$185 million (US$149 million) to support coal workers and communities, in the transition to cleaner energy.

Lastly, Trudeau announced that Canada will be the first major oil-producing country moving to cap and reduce pollution from the oil and gas sector to net-zero by 2050. To meet this goal, the government will set 5-year targets and will also ensure that the sector makes a meaningful contribution to meeting Canada’s 2030 climate targets.

Press release - Prime Minister of Canada

UK set to announce extra US$1.3 billion in climate finance at COP 26

Newspapers are reporting that the UK government is set to announce an additional £1.0 billion (US$1.3 billion) in official development assistance (ODA) to low and middle-income countries (LMICs) and vulnerable nations as part of a bid to encourage world leaders to provide an additional US$100.0 billion in international climate finance. The proposal will add to the UK government’s £11.6 billion (US$15.6 billion) pledge to provide international climate finance to LMICs.

The commitment appears to be conditional on the UK’s economy and is likely linked to the commitment to return UK ODA to 0.7% of gross national income (GNI) in 2024 - 2025 as outlined in the UK’s Autumn Budget and Comprehensive Spending Review 2021. UK ODA is currently set at 0.5% of GNI. 

News article - INEWs

Canada commits billions in new funding for COVID-19 response and climate action at G20 Summit

At the recent G20 Summit in October 2021, Canada pledged significant new support and investments to support the global COVID-19 pandemic response and recovery and to fight the climate crisis.

Prime Minister Justin Trudeau announced that Canada will donate at least 200 million doses of COVID-19 vaccines to COVAX by the end of 2022, including an immediate commitment to contribute up to 10 million doses of the Moderna vaccine.

Additionally, Trudeau announced an investment of up to CA$15 million (US$12 million) to COVAX Manufacturing Task Force partners in support of the establishment of the South Africa Technology Transfer Hub. This initiative will help to address barriers to equitable vaccine access by building a greater global capacity to manufacture vaccines. Canada’s current international contribution to the COVID-19 response is over CA$1.3 billion (US$1.1 billion), and this announcement provides greater details concerning the previously announced CA$350 million (US$283 million) contribution. The Prime Minister also confirmed Canada’s support for a G20 commitment on pandemic preparedness, including the establishment of a G20 Joint Finance-Health Task Force.

Furthermore, Trudeau reaffirmed Canada’s dedication to supporting COVID-19 global economic recovery. He announced that Canada will channel CA$3.7 billion (US$2.9 billion), or 20% of its newly allocated International Monetary Fund (IMF) Special Drawing Rights (SDRs), to support low-income countries. The Prime Minister announced that approximately CA$982 million (US$794 million) of the funding would be distributed to the Poverty Reduction and Growth Trust (PRGT).

Trudeau also emphasized the importance of G20 leaders doing more to address the climate crisis. As part of the G20 Summit, Canada and Germany published a delivery plan to develop a path to mobilizing CA$123.8 billion (US$100.0 billion) in annual climate financing to respond to the climate crisis, ahead of the COP26 conference.

Press release - Prime Minister of Canada

Press release - Prime Minister of Canada

Op-ed - Cooperation Canada

Italy triples climate finance resources at G20 meeting

Italian Prime Minister Draghi announced that Italy will triple its contribution to fighting climate change by US$1.4 billion per year for the next five years.

Ahead of COP26 in Glasgow, the G20 summit in Rome put climate change at the center of world leaders' discussions on the 20 richest economies. The G20 Leaders agreed on the 1.5C degree climate goal. 

Press release – G20

News article - Agenpress (in Italian)

UN Security Council unanimously supports joint Nigerien-Norwegian resolution to protect education in conflict zones

A unanimous vote of the UN Security Council committed to strengthening the protection of education with the newly adopted resolution on the protection of education in conflict zones. Niger and Norway sponsored the resolution and led negotiations.

With this resolution, the Security Council urges parties to commit to facilitating safe access to education and emphasizes the vulnerability of girls and women in conflict zones. The Council also calls on UN member states to implement concrete measures to prevent attacks on schools and universities, which endanger the lives of children, students, and teachers. 

This resolution, on the protection of education and education facilities in conflict zones, is the first of its kind to be adopted by the Security Council. Norway is a top investor in education for refugees and others affected by crises.

Press release – Norwegian government 

Finance in Common Summit mobilizes 500 development banks to address climate change, promotes sustainable development

Following the inaugural Finance in Common Summit (FiCS), held in 2020 during the Paris Peace Forum, more than 500 public development banks will meet for a second time from October 19-20, 2021, to address climate change and sustainable development action.

FiCS, held under the leadership of the Italian G20 presidency, will be hosted by Cassa Depositi e Prestiti (CDP), the Italian National Promotional Institution and Financial Institution for Development Cooperation, in partnership with the International Fund for Agricultural Development (IFAD) and the Finance in Common Coalition.

The event will take place in Rome via face-to-face and digital formats.

Speakers include: the Secretary General of the United Nations, Antonio Guteres; the Secretary General of the OECD, Mathias Cormann; the President of the European Investment Bank, Wermer Hoyer; the managing director of development policy and partnerships of the World Bank, Mari Pangestu; and many others.

Website - Finance in Common

G20 leaders commit to ensuring humanitarian assistance in Afghanistan

At the G20 extraordinary meeting on Afghanistan, the G20 head of states committed to supporting humanitarian assistance in the country, focusing primarily on vulnerable groups, such as women, children, and people with disabilities.

The G20 leaders called upon leaders to find solutions to maintain essential services; in particular, they desire for strengthened education and health sectors. Furthermore, the leaders flagged the importance of a functioning payment system and overall financial stability in the region. The G20 leaders committed to cooperate with international organizations, international financial institutions, including multilateral development banks, and humanitarian actors in the field. The G20 countries invite the World Bank to explore possible ways to redirect support to international agencies for humanitarian efforts.

Finally, the G20 leaders emphasize the importance of ensuring a rapid vaccination campaign and fully administering previously donated vaccines via COVAX and stand ready to provide more.

Chair summary - G20 website

Failure to to uphold US$100.0 billion climate finance agreement will lead to deteriorating trust between development partners, UK warns

A new UK parliament report acknowledged that the UK is unlikely to meet one of its key goals for its Presidency of the COP26 international climate conference - confirming high-income countries' commitment to providing $100.0 billion in climate finance for low- and middle-income countries (LMICs). The report notes that the failure to achieve this goal will damage the level of trust between negotiating parties, making it harder to make progress on key UK goals for the upcoming COP26.

The UK government set out four key goals for its Presidency of COP26:

  • Have all participating countries submit more ambitious Nationally Determined Contributions (NDCs), that commit to further cuts in carbon emissions by 2030;
  • Have all countries commit to reaching net-zero emissions as soon as possible;
  • Ensure that high-income countries honor their commitment to providing US$100.0 billion dollars a year in climate finance for LMICs and climate-vunlerable countries; and,
  • Agree on a package that furthers the Paris Agreement.

Progress is observable for most goals, but the UK parliament acknowledged that the government is likely to miss its goal of having all high-income countries honor their commitment to provide US$100.0 billion dollars per year in climate finance for LMICs.

The original commitment to provide US$100.0 billion in climate finance to LMICs was made by high-income countries in 2009 and has been reiterated at key meetings following its initial proposal and ratification. While final figures will not be available on climate finance until 2022, it is generally accepted that the 2020 goal has not been met. The most recent figures available are dated to 2019 and show that only US$79.6 billion has been raised in climate finance so far. The UK has committed to increasing its commitments to £11.6 billion (US$15.6 billion) in the next four years, and recent pledges by the US, Germany, and Canada mean that total pledges may currently hover around US$10.0 billion short of the target.

The report is clear that this shortcoming will have a negative impact on the level of trust between countries and is likely to make it difficult to make ambitious progress on other key UK goals at COP26. LMICs are being asked to cut their own future emissions while being most-vulnerable to climate change as a result of high-income countries’ historic emissions.

The report also highlights tensions in the type of financing that high-income countries are providing to LMICs as climate finance. Target countries have indicated a clear preference for climate finance to be provided in the form of grants, not loans. However, most public climate finance to date has been provided as loans. In 2019, around 79% of the US$79.6 billion in climate finance provided to LMICs was from governments, and loans comprised 71% of this funding. The UK, to its credit, has provided most of its climate finance as grants. 87% of UK climate finance between 2014 and 2021 was delivered as grants, totalling £4.9 billion (US$6.6 billion).

Report – UK Parliament