Recommendation 59

At the Climate and Development Ministerial in March 2021, LDCs and SIDS offered practical solutions to improve access to climate finance.129 According to the IIED, these solutions included establishing a Taskforce on Access to Climate Finance headed by the UK and Fiji, harmonising and simplifying procedures to access directly ICF from multilateral funds and developing a clear and shared functional definition of climate finance that emphasises the importance of experimenting and taking risks to find effective 120 Bond SDG Group, Sightsavers (CDC0007), CARE International UK (CDC0029), Practical Action (CDC0040), Quakers in Britain (CDC0004), Tearfund (CDC0031) 121 Bond and Climate Action Network UK (CAN-UK) (CDC0045) 122 Bond and Climate Action Network UK (CAN-UK) (CDC0045) 123 Q53 [Cat Pettengell], Q54 [Marek Soanes], Q65 [Laurie Lee]. E3G (Third Generation Environmentalism) (CDC0027), Islamic Relief UK (CDC0041), Practical Action (CDC0040) 124 CARE International, Climate adaptation finance: Fact or fiction?, p.4, 21 January 2021. Research covers 112 projects from 2013–2017 in six countries - Ethiopia, Ghana, Nepal, the Philippines, Uganda and Vietnam (see: same source, p.11) 125 CARE International, Climate adaptation finance: Fact or fiction?, p.5, 21 January 2021 126 Roberts, J.T. et al, Rebooting a failed promise of climate finance, Nature Climate Change, Volume 11, p.2, 18 February 2021 127 Roberts, J.T. et al, Rebooting a failed promise of climate finance, Nature Climate Change, Volume 11, p.2, 18 February 2021 128 Q54 [Marek Soanes] 129 UK COP26, Climate & Development Ministerial Chair’s Summary, 1 April 2021 Global Britain in demand: UK climate action and international development around COP26 23 solutions to climate change.130 There has been little progress on access to climate finance as stakeholders disagree on the specifics of the Taskforce, according to a stocktake by civil society organisations in September 2021.131 UK’s response—definition of terms and