Question to the Foreign, Commonwealth & Development Office:
To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what progress his Department has made dispersing the Government's commitment of £100 million to the Taskforce on Access to Climate Finance.
At COP26, the UK announced a £100m commitment to support the work of the Taskforce on Access to Climate Finance, making it quicker and easier for developing countries to get the finance they need. This is supporting trials of new approaches to accessing climate finance underway in Bangladesh, Fiji, Jamaica, Uganda and Rwanda, responding to national priorities set out by these countries.
At COP27, the UK announced that £7m from the overall commitment will support Rwanda's new Green Investment Facility. In Uganda, the UK has helped establish a new Climate Finance Unit within the Ministry of Finance. An Annual Report on the Taskforce, also funded from the UK's commitment, was published during COP27, setting out broader achievements by climate finance providers and recipients during the first year of the Taskforce.