Pledge is part of the delivery of UK’s commitment announced at COP26

Durrant Pate/Contributor

United Kingdom Prime Minister, Rishi Sunak has announced his country’s biggest-ever single financial contribution to helping the world’s most vulnerable people adapt to and mitigate the impact of climate change.

The UK will contribute £1.62 billion (US$2 billion) to the second replenishment of the Green Climate Fund (GCF), covering the period 2024 to 2027. The GCF is the largest global fund dedicated to supporting developing countries to reduce global emissions and help communities adapt to the effects of climate change.

The pledge is part of the delivery of the UK’s commitment announced at COP26 to spend £11.6 billion (US$14.5 billion) on international climate finance between 2021 and 2026. It represents a 13% increase in the UK’s previous contribution to the GCF for the period of 2020 to 2023. 

The scale of the climate crisis requires finance to be delivered with ever greater speed and the UK will work with the GCF to ensure it accelerates action to deliver for those most vulnerable to the impacts of climate change, such as Small Island Developing States (SIDS). The announcement was made during the just completed G20 leaders meeting in India from September 10-12.

Sunak’s statement to G20 leaders

The UK High Commission in Jamaica issued a press statement regarding the UK Prime Minister’s statement at the just-ended G20 Leader Summit. Addressing G20 leaders, Prime Minister, Sunak said: “The UK is stepping up and delivering on our climate commitments, both by decarbonising our own economy and supporting the world’s most vulnerable to deal with the impact of climate change. This is the kind of leadership that the world rightly expects from G20 countries. And this government will continue to lead by example in making the UK, and the world, more prosperous and secure.”

Here in the Caribbean, the British High Commission says, “The UK continues to listen to governments’ concerns on climate and environment issues and respond. Unlocking climate finance in the Caribbean region is a key priority for the UK, which is why last week the UK’s Minister for the Caribbean signed an agreement worth £2.7 million (US$3.4 million) with the Caribbean Community Climate Change Centre (5Cs) to help CARICOM Member States address the challenges they face in accessing and delivering climate finance.”

In Jamaica earlier this year, the UK reiterated its announcement of a £7 million (US$8.7 million) contribution to the task force which is piloting practical new approaches for accessing climate finance, with the eventual aim of replicating this model across the region to support national plans to address climate change.

Sargassum

Last week, responding to requests from Caribbean leaders, the UK also launched a call for research proposals on Sargassum seaweed. Recent influxes of Sargassum threaten the region’s marine ecosystems, economy, and public health. The UK invites partners to submit proposals for up to £ 300 thousand (US$374 thousand) before October 10.

The research should advance commercial, scalable, safe solutions to process, sink or store. Finding solutions to Sargassum influxes could be vital to the Caribbean’s sustainable development and climate resilience. 

SIDS advocacy

In the run-up to COP28 and the 4th International Conference on SIDS in 2024, the Jamaican High Commission office says its government continues to advocate on behalf of SIDS and Least Developed Countries. The UK reiterated its commitment to building a global consensus to support SIDS to address their unique vulnerabilities and to grow resilient economies. 

The UK is one of the leading actors to work for systems suited to small states, including in the GCF, where it is pushing to increase access to climate finance for SIDS. The UK is also supporting SIDS through its £500 million (US$624 million) Blue Planet Fund, including through initiatives such as our £36 million (US$45 million) Sustainable Blue Economies programme. 

The UK Government recognises that SIDS are global leader in climate action and has a vital role in pressuring the big emitters to act. The UK is committed to delivering the promises of the Glasgow Climate Pact, including action on climate finance and addressing loss and damage.