Climate Change: Finance

(asked on 21st February 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment she has made of the adequacy of the planned funding allocations for International Climate Finance in (a) 2024-25 and (b) 2025-26; and via which Departmental budgets will this be distributed.


Answered by
Darren Jones Portrait
Darren Jones
Chief Secretary to the Treasury
This question was answered on 3rd March 2025

The Prime Minister has confirmed that Official Development Assistance (ODA) is being reduced to 0.3% of GNI by 2027 to support increases to defence and security spending. Implications of the planned ODA reduction will be determined through Phase 2 of the Spending Review.

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