UK commits £3bn climate finance to supporting nature

The UK will spend at least £3bn of international climate finance climate on change solutions that protect and restore nature and biodiversity over five years.

The Prime Minister Boris Johnson announced that the funds will be allocated from the UK’s existing commitment of £11.6bn for international climate finance and will deliver transformational change in protecting biodiversity-rich land and ocean, shifting to sustainable food production and supply, and supporting the livelihoods of the world’s poorest.

Programmes supported by the funding will include the flagship Blue Planet Fund for marine conservation; projects to maintain forests and tackle the illegal timber trade and deforestation; and initiatives to conserve habitats such as mangroves that protect communities from the impacts of climate change.

Prime Minister Boris Johnson said: “We will not achieve our goals on climate change, sustainable development or preventing pandemics if we fail to take care of the natural world that provides us with the food we eat, the water we drink and the air we breathe. The UK is already leading the way in this area, committing to protect 30 per cent of our land and ocean by the end of the decade and pledging at least £3bn today to supporting nature and biodiversity.”

The announcement comes ahead if the Dasgupta Review on the Economics of Biodiversity – an independent review commissioned by the Government in 2019 to set out the economic case for protecting biodiversity.

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