Recommendation 4

Access to climate finance remains a significant challenge for LDCs, SIDS and grassroots organisations. For Global Britain to be a credible “force for good”, we urge the Government to use its COP presidency and position as a key donor to the multilateral climate funds to accomplish the following: • Firstly, to champion the introduction of simplified criteria for the accreditation process of multilateral funds and for assessing applications from LDCs and SIDS in line with their limited capacities. • Secondly, to encourage other donors to make direct access a priority in their investments in LDCs and SIDS. • Thirdly, the Government should tell us in their response the date on which they are finally going to publish their International Climate Finance strategy. • Finally, to present us by 31 January 2022 with the measures that the Government is proposing to multilateral organisations to shorten the length of the approval process as announced by the Rt Hon Lord Goldsmith during our oral evidence session. The Government should set out how these measures address the full range of issues raised by LDCs and SIDS at the Climate and Development Ministerial in March 2021.