Source · Select Committees · International Development Committee
Recommendation 51
51
Access to climate finance remains a significant challenge for LDCs, SIDS and grassroots organisations.
Recommendation
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. 103 International Institute for Environment and Development (IIED) (CDC0048) 104 International Institute for Environment and Development (IIED) (CDC0048) 105 Foreign, Commonwealth and Development Office (CDC0016) 106 Foreign, Commonwealth and Development Office (CDC0016) 107 Q109 [Vel Gnanendran] 108 Q109 [Vel Gnanendran] 109 Q109 [Lord Goldsmith] Global Britain in demand: UK climate action and international development around COP26 21 Definition of terms & transparency
Government Response
A response document is linked to this report, dated 14 January 2022. Response attribution to this recommendation has not been verified. Read the response document ↗