The government is betting on private investors to fill the gap in the UK’s provision of climate aid and support after last year’s sweeping cuts reduced the UK contribution, development minister Jenny Chapman has told The Independent.
A core tenet of the landmark 2015 Paris Agreement – the climate treaty that calls for the world to limit global warming to “well below 2C” – is that rich countries must provide climate finance in order to assist developing countries that have typically contributed little towards the climate crisis, but are often suffering its biggest impacts.
