Policy Updates

Each week, Donor Tracker's team of country-based experts bring you the most important policy and funding news across issue areas in the form of Policy Updates.

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UK records US$2.2 billion spent on ICF in FY2023/24

June 7, 2024 | UK, Climate | Share this update

On June 7, 2024, an analysis by Carbon Brief, based on data provided by the UK government via freedom-of-information, revealed that the UK government spent GBP1.8 billion (US$2.2 billion) on ICF during FY2023/24, marking the largest yearly ICF spend since 2011.

The amount represents an increase of GBP192 million (US$230 million) over FY2022/23. Despite the record funding, the UK will need to more than double its ICF spend in FY2024/25 and FY2025/2026 to meet the UK government’s commitment of disbursing GBP11.6 billion (US$14 billion) in ICF between FYs 2021/22 and 2025/26.

Funding classified as ICF in 2023-24 was used to support the reconstruction of low-carbon power supplies in Ukraine, assist humanitarian victims in Pakistan and Ethiopia, and to fund multilateral contributions, including support to the GCF.

According to Carbon Brief, 11% of the funding, or GBP199 million (US$238 million), resulted from the UK government expanding its definition of climate finance in 2023. Experts believe this figure to be an underestimate, as Carbon Brief was not able to include all reclassified humanitarian funding in their calculations.

Report - Carbon Brief

Canada announces US$17 million to advance climate resilience through aquaculture

June 7, 2024 | Canada, Agriculture, Nutritious Food Systems, Climate, Agricultural R&D | Share this update

On June 7, 2024, Canada’s IDRC announced CAD23 million (US$17 million) to support inclusive and sustainable aquaculture food systems to address climate change and food insecurity in Southeast Asia and the Pacific region.

The IDRC partnered with the Canadian government to launch AQUADAPT, a four-year project to improve small-scale aquaculture’s climate productivity and sustainability. The partnership aims to develop nature-based solutions to sustainably manage aquatic ecosystems and support robust nutritious systems, quality jobs, and resilient food production in a changing climate. AQUADAPT will include 11 research alliances and 35 institutions across Southeast Asia and the Pacific.

Press release - IDRC

Think tank urges Canada to develop strategic partnership approach to African continent

June 5, 2024 | Canada, Climate | Share this update

On June 5, 2024, the IRPP urged Canada to go beyond humanitarian gestures and develop a new, comprehensive strategy to approach relations with African countries as a strategic partnership, given the brimming economic opportunity on the continent.

The think tank advocated for Canada to swiftly implement a comprehensive strategy that sets new diplomatic and economic priorities with the continent. It criticized Canada for announcing CAD900 million (US$654 million) for humanitarian assistance in Budget 2024, but no funding for the CA-ECS, announced in 2022. The IRPP noted that the lack of commitment reinforces the narrative that the African continent is solely dependent on humanitarian assistance, rather than seen as a valued collaborator in Canada’s international strategic vision.

The IRPP highlighted a trillion-dollar economic opportunity for Canada if it approaches the continent as a dynamic partner. It asserted that while Canada should continue to take action and invest in urgent humanitarian needs, it must also invest further in Africa’s development initiatives to address climate change and support economic development and human rights.

The IRPP concluded with the recommendation that Canada support advancements in long-term governance, infrastructure development, and debt restructuring, as well as tap into Africa’s burgeoning start-up ecosystem and emerging digital economy to foster sustainable development across multiple sectors.

Institute for Research on Public Policy (IRPP)

South Korea aims to expand ODA to US$10 billion by 2030

June 4, 2024 | South Korea, Climate, International development, Education, Global Health | Share this update

On June 4, 2024, South Korean President Suk Yeol Yoon announced to increase South Korea’s ODA to US$10 billion by 2030 as a catalyst for projects for cooperation with Africa at the 2024 Korea-Africa Summit.

The increase is double the level of South Korea's 2024 ODA budget. At the Korea-Africa Summit, a joint declaration was adopted to support e-government in Africa and proactively promote the KSP for Africa’s economic development and digital-based trade.

The joint declaration presented three priority areas:

  • Shared growth: expand ODA up to US$10 billion by 2030, provide US$14 billion in export financing to Korean companies, and share the lessons learned from the experience of concluding free trade agreements;
  • Sustainability: strengthen international cooperation to create a climate finance architecture responsive to Africa’s needs, advance cooperation for food security and sustainable agriculture, and establish primary healthcare infrastructure and leadership for critical mineral reserves; and
  • Solidarity: support counterterrorism efforts and continue efforts in providing humanitarian assistance, achieve irreversible denuclearization of the Korean Peninsula, and cultivate talented human resources through education and training.
Press release - Ministry of Foreign Affairs News article - Maeilbusiness (in Korean)

EIB Global allocates US$27 million to Amethis Fund III

May 29, 2024 | EUI, Gender Equality, Global Health, Climate | Share this update

On May 29, 2024, the global arm of the EIB committed EUR25 million (US$27 million) to Amethis Fund III, a pan-African fund that supports the growth of medium-sized companies in Africa.

The fund focuses on companies providing goods and services to low and middle-income populations in sectors such as healthcare, business services such as logistics and IT, manufacturing and distribution, agribusiness, consumer goods, non-banking financial services, infrastructure, and energy.

The EIB Global investment aligns with the EU's Global Gateway strategy to promote economic development in sub-Saharan Africa. The fund will implement an impact strategy that addresses issues essential to the sustainable development of the continent, such as gender equality, sustainable employment with an emphasis on health coverage and climate considerations.

Press release - EIB

Think tank urges Canada to invest in sustainable agriculture, climate initiatives in Vietnam

May 29, 2024 | Canada, Agriculture, Climate, Agricultural R&D | Share this update

On May 29, 2024, the IRPP urged Canada to pivot its Indo-Pacific Strategy to focus on strengthening relationships with Vietnam to support efforts in sustainable climate, agriculture, and water management.

Canada’s CAD2.3 billion (US$1.7 billion) Indo-Pacific investment, introduced in November 2022, focuses on economic security, for which Vietnam is regarded as a regional success story. Vietnam is the second-fastest growing economy in Asia, but faces ongoing challenges including water shortages, unsustainable development practices, and climate change.

Given Canada’s expertise in agri-tech, clean technology innovation, and freshwater management, the IRPP encouraged the Canadian government to use its strengths to be a more active and reliable partner to Vietnam. It urged Canada to invest in Vietnam’s water sector, which needs up to US$2.7 billion to reach its ambitious target of building a clean and resilient water supply by 2050. The IRPP also proposed use of Canadian agri-tech expertise to support low-carbon agricultural practices and help farmers adapt to climate change.

Institute for Research on Public Policy

Netherlands and Caribbean announce joint climate agenda

May 28, 2024 | Netherlands, Climate | Share this update

On May 28, 2024, the Netherlands and Dutch Caribbean countries, including Aruba, Curaçao, Sint Maarten, Bonaire, Saba, and Sint Eustatius, created a joint climate agenda to address climate change which focuses on enhancing cooperation, financing, and knowledge sharing.

Key areas include expanding solar and wind energy, reducing fossil fuel use, and improving water management systems. Each island will develop specific climate plans, supported by Dutch funding.

The second Caribbean Climate and Energy Conference will be hosted by Curaçao and the Netherlands in October 2024 to further progress and cooperation in the region.

News article - Dutch Government (in Dutch)

Japan joins Alliance for Transformative Action on Climate, Health

May 28, 2024 | Japan, Climate, Global Health | Share this update

On May 28, 2024, Japan announced its intent to join the ATACH at the 77th World Health Assembly.

At COP28 in December 2023, Japan, along with 142 other countries, adopted the COP28 UAE Climate and Health Declaration to raise awareness of climate change’s health impacts and promote international cooperation. The World Health Assembly also adopted the WHO’s 14th General Programme of Work for 2025-2028, which emphasizes climate change and health among its strategic objectives.

Japan has been advancing policies to achieve carbon neutrality by 2050, such as the GX2040 Vision and the Basic Energy Plan. The Osaka Blue Ocean Vision and the revised SDGs Implementation Plan also underscore the interconnectedness of global challenges and the importance of planetary health.

By joining ATACH, Japan aims to:

  • Build climate-resilient healthcare systems;
  • Promote sustainable low-carbon healthcare;
  • Address the comprehensive interaction between climate change and health;
  • Enhance research and cooperation on health and climate change; and
  • Expand investments in climate and health initiatives.

Japan’s participation in ATACH is expected to involve multiple government ministries and promote cross-sectoral efforts to tackle planetary health challenges, including the impacts of chemicals, waste, and pollution, and to ensure a sustainable environment for health.

Health and Global Policy Institute (HGPI)

Germany strengthens parternship with Senegal on energy, vaccines, youth employment

May 28, 2024 | Germany, Education, Global Health R&D, Global Health, Climate | Share this update

On May 28, 2024, German State Secretary Jochen Flasbarth became the first high-ranking German official to meet the new Senegalese government following President Bassirou Diomaye Faye’s election, where he discussed energy transition, local vaccine production, and creating jobs for the local youth population.

Flasbarth emphasized the long-standing partnership between Germany and Senegal, particularly in renewable energy, highlighting Senegal's peaceful governmental transition as a sign of its robust democracy.

Senegal's government expressed commitment to continuing its strong partnership with Germany, especially within the framework of the Just Energy Transition Partnership established in 2023. The partnership involves multiple international stakeholders and aims to enhance energy supply, reduce poverty, and create job opportunities, especially for young people. Flasbarth’s visit also addressed vocational training and support for small enterprises to generate new income opportunities.

The cooperation includes establishing a vaccine production facility in Diamniadio and creating an independent regulatory body for vaccine approval. The initiative aims to position Senegal as a key player in the West African public health sector by enhancing local medicine and vaccine supply capabilities.

Press release - BMZ (in German)

Sweden pledges US$60 million to bolster Ukraine's energy sector

May 28, 2024 | Sweden, Climate | Share this update

On May 28, 2024, the Swedish government announced a new assistance package for Ukraine, totaling SEK615 million (US$60 million), intended to stabilize Ukraine's energy sector.

Ukraine's energy sector is severely impacted by missile and drone strikes that have targeted and damaged essential facilities such as the Trypillia power plant, a crucial provider for regions including Kyiv.

The package includes US$45 million allocated to the Energy Community's Ukraine Energy Support Fund and an additional US$15 million through the UNDP. The funds will be used for purchasing technical equipment and building energy infrastructure, with a focus on the hardest-hit areas like Kharkiv, with other regions such as Kyiv, Odesa, and Mykolaiv also receiving support.

News article - News Article

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US$ amounts are cited directly from sources; in the absence of an official conversion, they are calculated using the previous week's average of the US Federal Reserve's daily exchange rates.

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