The UK has been warned that cutting climate financing for poorer countries would be an “act of self-harm” that would hinder its global influence and damage food security.
According to UK newspaper The Guardian, ministers plan to cut climate finance for the “developing world” from £11.6 billion (around €13.37 billion) over the past five years to £9 billion (€10.37 billion) in the next five. When factoring in inflation, this would mean a proposed cut of around 40 per cent in spending power since 2021.
