MPs have lambasted an “incoherent” aid policy in which Britain allocates billions to tackling climate change abroad while spending the same amount supporting fossil fuel projects. According to figures seen by parliament’s international development committee, between 2010 and 2016 UK Export Finance (UKEF), which supports trade abroad, spent £4.8 billion on schemes that contributed to carbon emissions. These included financing for offshore oil and gas extraction in Ghana, Colombia and Brazil. The sum, calculated by the charity Global Witness, was almost identical to the £4.9 billion spent by different agencies from 2011-17 on supporting projects to tackle climate change in developing countries. Separately, the committee also found that other wings of the UK overseas development sector, including groups such as the Prosperity Fund, which supports economic growth, were backing carbon-intensive projects.
Times 8th May 2019 read more »
The UK government must scrap aid for fossil fuel projects around the world and prioritise tackling climate change if it is to have a “meaningful” impact on the climate threats facing developing nations, a cross-party group of MPs has warned. Parliament’s International Development Committee (IDC) today called on the government to set an example internationally by overhauling the UK’s current oversees aid policy, strategy and funding to place tackling climate change front and centre.
Business Green 8th May 2019 read more »