Analysis: UK is ‘halving’ its climate finance for developing countries

<p>The UK is roughly halving the climate aid it allocates to developing countries, when accounting changes and inflation are factored in, according to new analysis by Carbon Brief.</p>

<p>On 19 March, the government <a href="https://questions-statements.parliament.uk/written-statements/detail/2026-03-19/hcws1425" rel="noreferrer noopener" target="_blank">announced</a> that the UK would provide “around £6bn” of international “<a href="https://www.carbonbrief.org/analysis-seven-charts-showing-how-the-100bn-climate-finance-goal-was-met/" rel="noreferrer noopener" target="_blank">climate finance</a>” over the next three years.</p>

<p>This replaces a previous <a href="https://www.carbonbrief.org/analysis-uk-climate-aid-to-hit-11-6bn-goal-but-only-due-to-accounting-rule-change/" rel="noreferrer noopener" target="_blank">goal</a> to provide £11.6bn across the 2021-2026 period to help nations in the global south cut their emissions and deal with climate threats.</p>

<p>The new target was <a href="https://www.theguardian.com/environment/2026/mar/19/uk-cut-climate-aid-budget-developing-countries-refocus" rel="noreferrer noopener" target="_blank">reported</a> as a spending reduction of up to 14% compared to recent years, reflecting the UK’s wider plan to cut development aid and <a href="https://www.bbc.co.uk/news/articles/clyrkkv4gd7o" rel="noreferrer noopener" target="_blank">spend more</a> on defence.</p>

<p>In fact, Carbon Brief analysis reveals that the cut is far larger in real terms, with the new target worth around 30% less per year once inflation is taken into account.</p>

<p>When also excluding the government’s use of widely <a href="https://www.carbonbrief.org/revealed-uk-double-counting-500m-of-aid-for-war-torn-countries-as-climate-finance/" rel="noreferrer noopener" target="_blank">criticised</a> “<a href="https://www.bond.org.uk/press-releases/2023/10/uks-international-climate-finance-commitments-are-weakening-over-70-csos-write-to-the-prime-minister/" rel="noreferrer noopener" target="_blank">creative accounting</a>” to boost apparent spending, the new pledge is roughly 50% lower than the old one.</p>

<p>The drop in climate finance means that – alongside other <a href="https://www.carbonbrief.org/analysis-nearly-a-tenth-of-global-climate-finance-threatened-by-trump-aid-cuts/" rel="noreferrer noopener" target="_blank">major donors</a> – the UK is diverging from an <a href="https://www.carbonbrief.org/analysis-why-the-300bn-climate-finance-goal-is-even-less-ambitious-than-it-seems/" rel="noreferrer noopener" target="_blank">international target</a>, agreed in 2024 at <a href="https://www.carbonbrief.org/cop29-key-outcomes-agreed-at-the-un-climate-talks-in-baku/" rel="noreferrer noopener" target="_blank">COP29</a> in Baku, to ramp up climate aid to $300bn a year by 2035.</p>

<h2 class="wp-block-heading">‘Innovative reforms’</h2>

<p>Under the <a href="https://www.carbonbrief.org/interactive-the-paris-agreement-on-climate-change/" rel="noreferrer noopener" target="_blank">Paris Agreement</a>, the UK and other developed countries committed to provide financial support for climate action in developing countries. This “<a href="https://www.carbonbrief.org/analysis-seven-charts-showing-how-the-100bn-climate-finance-goal-was-met/" rel="noreferrer noopener" target="_blank">climate finance</a>” comes from the UK’s wider budget for “<a href="https://www.gov.uk/government/collections/official-development-assistance-oda--2" rel="noreferrer noopener" target="_blank">official development assistance</a>”.&nbsp;</p>

<p>Successive governments have pledged set amounts of climate finance over five-year periods, supporting everything from solar energy in <a href="https://devtracker.fcdo.gov.uk/programme/GB-1-203674/summary" rel="noreferrer noopener" target="_blank">Nigeria</a> to mangroves in <a href="https://devtracker.fcdo.gov.uk/programme/GB-GOV-7-BPFBlueForests/summary" rel="noreferrer noopener" target="_blank">Indonesia</a>.</p>

<p>In 2019, the Conservative government promised to “<a href="https://www.gov.uk/government/news/uk-aid-to-double-efforts-to-tackle-climate-change" rel="noreferrer noopener" target="_blank">double</a>” the previous target of £5.8bn for the financial years 2016-17 to 2020-21 and reach a total of £11.6bn between 2021-22 and 2025-26.</p>

<p>The current Labour government inherited this goal in 2024, at a time of <a href="https://www.carbonbrief.org/experts-what-are-the-biggest-geopolitical-risks-to-climate-action-in-2024/" rel="noreferrer noopener" target="_blank">geopolitical instability</a>, conflict and <a href="https://www.carbonbrief.org/analysis-nearly-a-tenth-of-global-climate-finance-threatened-by-trump-aid-cuts/" rel="noreferrer noopener" target="_blank">threats</a> to global climate action.&nbsp;</p>

<p>Alongside other developed countries, the UK then <a href="https://www.carbonbrief.org/analysis-why-the-300bn-climate-finance-goal-is-even-less-ambitious-than-it-seems/" rel="noreferrer noopener" target="_blank">pledged</a> at the <a href="https://www.carbonbrief.org/cop29-key-outcomes-agreed-at-the-un-climate-talks-in-baku/" rel="noreferrer noopener" target="_blank">COP29</a> climate summit in2024 to roughly triple the total amount of global climate finance to $300bn a year by 2035.&nbsp;</p>

<p>With its £11.6bn target expiring in April 2026, the government has been <a href="https://www.carbonbrief.org/cop30-key-outcomes-agreed-at-the-un-climate-talks-in-belem/" rel="noreferrer noopener" target="_blank">under pressure</a> to set a new goal that would increase climate finance in line with this global ambition.</p>

<p>Instead, since COP29, the UK has <a href="https://www.bbc.co.uk/news/articles/clyrkkv4gd7o" rel="noreferrer noopener" target="_blank">announced</a> it will cut overall aid spending to 0.3% of <a href="https://www.oecd.org/en/data/indicators/gross-national-income.html" rel="noreferrer noopener" target="_blank">gross national income</a>, compared to the historic 0.7%, to raise money for military spending.&nbsp;</p>

<p>This continues a trend of aid cuts <a href="https://www.carbonbrief.org/analysis-how-the-uk-has-fallen-40-behind-on-its-11-6bn-climate-finance-pledge/" rel="noreferrer noopener" target="_blank">started</a> by the former Conservative government and mirrors <a href="https://www.euractiv.com/news/germany-slashes-climate-finance-in-blow-to-developing-worlds-cop30-priority/" rel="noreferrer noopener" target="_blank">similar</a> cuts taking place in other countries. Most notably, the US has <a href="https://www.carbonbrief.org/analysis-nearly-a-tenth-of-global-climate-finance-threatened-by-trump-aid-cuts/" rel="noreferrer noopener" target="_blank">virtually eliminated</a> its contribution to international climate finance.</p>

<p>In March, foreign secretary Yvette Cooper finally <a href="https://questions-statements.parliament.uk/written-statements/detail/2026-03-19/hcws1425" rel="noreferrer noopener" target="_blank">announced</a> details of how the UK’s headline cuts in overseas aid would impact specific spending priorities between 2026-27 and 2028-29, including climate finance. She said:</p>

<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>“Over the next three years, the UK will spend around £6bn of official development assistance as international climate finance. We will balance support between mitigation and adaptation and maintain a focus on nature.”</p>
</blockquote>

<p>This amounts to a clear cut in annual climate-finance spending, even without considering the impact of inflation or accounting changes, as the chart below shows.</p>

<figure class="wp-block-image size-full"><img alt="UK’s annual international climate finance spending" class="wp-image-61857" height="1084" src="https://www.carbonbrief.org/wp-content/uploads/2026/03/uk-announced-less-climate-finance-over-next-3-years.png" width="2058" /><figcaption class="wp-element-caption">UK’s annual international climate finance spending, £bn without adjustment for inflation, by financial year for the period 2011-12 to 2025-26. The 2025-26 figure is an estimate based on the remaining finance needed to reach the £11.6bn goal. The final three years assume the new target of £6bn is divided equally over three years. Source: UK government data for <a href="https://questions-statements.parliament.uk/written-statements/detail/2023-10-17/hcws1071" id="https://questions-statements.parliament.uk/written-statements/detail/2023-10-17/hcws1071" rel="noreferrer noopener" target="_blank" type="link">2011-12 to 2020-21</a> and <a href="https://questions-statements.parliament.uk/written-questions/detail/2025-03-07/36410" id="https://questions-statements.parliament.uk/written-questions/detail/2025-03-07/36410" rel="noreferrer noopener" target="_blank" type="link">2021-22 to 2023-24</a>, with 2024-25 figure provided by FOI request. </figcaption></figure>

<p>Despite Cooper’s pledge to “maintain a focus on nature”, the government also scrapped the “<a href="https://www.carbonbrief.org/analysis-uk-foreign-aid-for-nature-hits-800m-record-due-to-cash-for-carbon-credits/" rel="noreferrer noopener" target="_blank">ring-fencing</a>” of funds for nature and forest conservation, as well as the practice of setting five-year goals to provide more certainty to climate-aid recipients.</p>

<p>(The relatively vague “around” £6bn is also notable, given the previous targets were set at precisely £11.6bn and <a href="https://committees.parliament.uk/writtenevidence/95523/html/" rel="noreferrer noopener" target="_blank">£5.8bn</a>. This could allow the government to ultimately spend less than £6bn.)</p>

<p>The government is also <a href="https://questions-statements.parliament.uk/written-statements/detail/2026-03-19/hcws1425" rel="noreferrer noopener" target="_blank">clear</a> that it is shifting its focus to using public development aid to “unlock private investment for development”, <a href="https://www.gov.uk/government/news/foreign-secretary-sets-out-new-innovative-development-reforms" rel="noreferrer noopener" target="_blank">framing</a> its overall approach as “innovative development reforms”. Cooper stated that, as well as the £6bn in climate finance:</p>

<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
<p>“We will aim to generate an additional £6.7bn of UK-backed climate and nature positive investments and to mobilise billions more in private finance.”</p>
</blockquote>

<p>Cooper described “climate and nature” as two of the government’s four “priority” themes for its dwindling aid spending.&nbsp;</p>

<p>Nevertheless, the <a href="https://committees.parliament.uk/committee/98/international-development-committee/" rel="noreferrer noopener" target="_blank">international development committee</a> of MPs <a href="https://committees.parliament.uk/committee/98/international-development-committee/news/212779/idc-chair-responds-to-unrelenting-aid-cuts/" rel="noreferrer noopener" target="_blank">expressed</a> “deep concern” about the new climate pledge and NGOs <a href="https://www.bond.org.uk/news/2026/03/oda-allocations-for-2026-onwards-show-the-grim-reality-of-aid-cuts/#:~:text=The%20UK%20has%20announced%20that,5%20years%2C%20ending%20this%20month." rel="noreferrer noopener" target="_blank">called</a> it a “backward step”.</p>

<h2 class="wp-block-heading">Accounting changes</h2>

<p><a href="https://www.theguardian.com/environment/2026/mar/19/uk-cut-climate-aid-budget-developing-countries-refocus" rel="noreferrer noopener" target="_blank">Media</a> <a href="https://www.endsreport.com/article/1952256/short-sighted-uk-cut-its-international-climate-fund-approximately-13" rel="noreferrer noopener" target="_blank">coverage</a> of Cooper’s announcement stated that the new climate-finance target was 13-14% lower than the previous one.&nbsp;</p>

<p>This is based on the difference between average annual contributions out to 2029 under the new pledge – around £2bn – and the £2.3bn average from the previous period.<strong>&nbsp;</strong></p>

<p>However, Carbon Brief analysis suggests that this straightforward approach makes the target seem more ambitious than it actually is.</p>

<p>When the £11.6bn target <a href="https://www.gov.uk/government/news/uk-aid-to-double-efforts-to-tackle-climate-change" rel="noreferrer noopener" target="_blank">was set</a> in 2019, only specific, climate-related projects funded directly by the UK government counted towards it. Then, in 2023, the Conservative government decided to loosen the criteria for the funds it counted towards the target.&nbsp;</p>

<p>This included <a href="https://www.carbonbrief.org/revealed-uk-double-counting-500m-of-aid-for-war-torn-countries-as-climate-finance/" rel="noreferrer noopener" target="_blank">relabelling</a> existing support for <a href="https://www.investopedia.com/terms/m/multilateral_development_bank.asp" rel="noreferrer noopener" target="_blank">multilateral development banks</a> (MDBs), <a href="https://www.carbonbrief.org/revealed-uk-double-counting-500m-of-aid-for-war-torn-countries-as-climate-finance/" rel="noreferrer noopener" target="_blank">humanitarian aid</a> and more <a href="https://www.carbonbrief.org/revealed-uk-development-body-still-has-700m-invested-overseas-in-fossil-fuel-assets/" rel="noreferrer noopener" target="_blank">private-sector investments</a> as “climate finance”.&nbsp;</p>

<p>This approach – which mirrors that of other <a href="https://www.carbonbrief.org/cop29-six-key-reasons-why-international-climate-finance-is-a-wild-west/" rel="noreferrer noopener" target="_blank">climate-finance donors</a> – means the government is now <a href="https://www.carbonbrief.org/analysis-uk-climate-aid-to-hit-11-6bn-goal-but-only-due-to-accounting-rule-change/" rel="noreferrer noopener" target="_blank">on track</a> to hit the £11.6bn target. (For more details, see <a href="https://www.carbonbrief.org/analysis-uk-climate-aid-to-hit-11-6bn-goal-but-only-due-to-accounting-rule-change/" rel="noreferrer noopener" target="_blank">Carbon Brief’s</a> previous coverage.)</p>

<p>NGOs <a href="https://www.bond.org.uk/press-releases/2023/10/uks-international-climate-finance-commitments-are-weakening-over-70-csos-write-to-the-prime-minister/" rel="noreferrer noopener" target="_blank">criticised</a> this “creative accounting” at the time. Similarly, the UK’s <a href="https://icai.independent.gov.uk/" rel="noreferrer noopener" target="_blank">official aid watchdog</a> <a href="https://www.carbonbrief.org/revealed-uk-double-counting-500m-of-aid-for-war-torn-countries-as-climate-finance/" rel="noreferrer noopener" target="_blank">described</a> the changes as “moving the goalposts”, as they meant the government could meet its target without providing as much new money. Nevertheless, the current Labour government has retained the changes.</p>

<p>The government <a href="https://questions-statements.parliament.uk/written-statements/detail/2026-03-19/hcws1425" rel="noreferrer noopener" target="_blank">released</a> a list of specific aid allocations alongside Cooper’s recent announcement, which includes how much it plans to give to MDBs, as well as the UK-owned development body, <a href="https://www.bii.co.uk/en/" rel="noreferrer noopener" target="_blank">British International Investment</a> (BII).</p>

<p>Most of this money would not have been counted as climate finance under the old accounting system. Under the new system, a large portion of it will be.</p>

<p>Carbon Brief estimates that £1.7bn of new climate finance over the next three years – roughly 28% of the total – would not have counted as climate finance before the government&#8217;s accounting changes.</p>

<figure class="wp-block-image size-full"><img alt="Projected international climate finance from the UK" class="wp-image-61858" height="1236" src="https://www.carbonbrief.org/wp-content/uploads/2026/03/more-than-3-quarters-climate-finance-pledge-results-from-accounting-changes.png" width="1938" /><figcaption class="wp-element-caption">Projected international climate finance from the UK, between 2026-27 and 2028-29. The blue areas indicate contributions that Carbon Brief estimates would not have counted as climate finance before the government’s accounting changes. Source: UK government, OECD, BII, Carbon Brief analysis.</figcaption></figure>

<p>As the chart above shows, much of the money reclassified as climate aid will derive from automatically counting a fixed share of UK funding for MDBs as “climate-relevant”.&nbsp;</p>

<p>MDBs, including the World Bank and the African Development Bank, are major contributors to global climate finance. Member states, such as the UK, pay money into these banks, which then use their financial resources to support development projects.</p>

<p>Notably, while virtually all of the UK’s traditional climate finance has been provided as grants to developing countries, MDBs provide most of their support as loans. The <a href="https://www.carbonbrief.org/analysis-seven-charts-showing-how-the-100bn-climate-finance-goal-was-met/" rel="noreferrer noopener" target="_blank">prevalence of loans</a> in global climate finance is a long-standing point of contention for developing countries.</p>

<h2 class="wp-block-heading">Including inflation</h2>

<p>The second key factor that influences the comparison between the UK’s old and new climate-finance targets is inflation. Experts have <a href="https://liu.diva-portal.org/smash/get/diva2:1696860/FULLTEXT01.pdf" rel="noreferrer noopener" target="_blank">highlighted</a> the importance of correcting for inflation when considering long-term finance targets.</p>

<p>This issue is particularly important now, as in recent years there has been <a href="https://commonslibrary.parliament.uk/research-briefings/sn02792/" rel="noreferrer noopener" target="_blank">significant inflation</a> in the UK and around the world. This means the finance that the UK committed to give back in 2019 would not go as far today as it did then.</p>

<p><a href="https://www.gov.uk/government/collections/gdp-deflators-at-market-prices-and-money-gdp" rel="noreferrer noopener" target="_blank">Adjusting</a> for this inflation, Carbon Brief estimates that the £11.6bn target would equate to £14.3bn today, using 2021-22 – the start of the £11.6bn target – as the base year.</p>

<p>This means the government would have to pledge £14.3bn over five years – or £2.86bn a year – just to match the spending power of its previous goal. This new goal of £2bn a year is effectively a 30% real-terms cut in annual climate finance from the UK.</p>

<p>As the chart below shows, the previous climate target from five years ago is roughly twice as large per year&nbsp;as the new 2026 target, after correcting for inflation and once accounting changes have been removed.</p>

<div class="wp-block-image">
<figure class="aligncenter size-full is-resized"><img alt="Average annual international climate finance spend by the UK" class="wp-image-61859" height="1456" src="https://www.carbonbrief.org/wp-content/uploads/2026/03/uk-new-climate-finance-pledge-50-percent-lower.png" style="width: 500px;" width="1136" /><figcaption class="wp-element-caption">Average annual international climate finance spend by the UK under its 2021-2026 and 2026-2029 targets. Highlighted sections show the impact of inflation since 2021-22 (left) and of recent accounting changes (right). Source: UK Treasury, Carbon Brief analysis.</figcaption></figure>
</div>

<p>Of course, ultimately, the government <a href="https://www.carbonbrief.org/analysis-uk-climate-aid-to-hit-11-6bn-goal-but-only-due-to-accounting-rule-change/" rel="noreferrer noopener" target="_blank">relied</a> on accounting changes to meet the previous £11.6bn target as well.&nbsp;</p>

<p>Nevertheless, this comparison shows the significant backsliding in ambition, from 2021 when the plan was an £11.6bn goal, relying on a narrow range of sources – to a 2026 target that is lower in real terms, while drawing from a wider range of sources.</p>

<h2 class="wp-block-heading">Global cuts</h2>

<p>In 2024, developed countries such as the UK collectively agreed to <a href="https://www.carbonbrief.org/analysis-why-the-300bn-climate-finance-goal-is-even-less-ambitious-than-it-seems/" rel="noreferrer noopener" target="_blank">raise</a> their global climate-finance contributions to $300bn a year by 2035, as part of their Paris Agreement obligations.</p>

<p>This international target replaced the <a href="https://www.carbonbrief.org/analysis-seven-charts-showing-how-the-100bn-climate-finance-goal-was-met/" rel="noreferrer noopener" target="_blank">previous goal</a> of $100bn per year by 2020, which was belatedly met in 2022.&nbsp;</p>

<p>While the new target <a href="https://www.carbonbrief.org/analysis-why-the-300bn-climate-finance-goal-is-even-less-ambitious-than-it-seems/" rel="noreferrer noopener" target="_blank">will include</a> large contributions from the private sector and MDBs, there is an expectation that a significant portion of it will still come directly from developed countries.</p>

<p>In this context, it is clear that the trajectory of UK climate finance is going in the wrong direction – falling, rather than increasing&nbsp;</p>

<p>The UK is certainly not alone in this regard. <a href="https://www.gov.uk/government/speeches/foreign-secretary-statement-on-international-development-19-march" rel="noreferrer noopener" target="_blank">Speaking</a> in parliament, Cooper told MPs that “allies such as Germany, France and Sweden have made similar choices” to cut aid in order to fund military spending.</p>

<p><a href="https://unfccc.int/Art.9.5-biennial-communications" rel="noreferrer noopener" target="_blank">Very few</a> developed countries – and none of the biggest donors – have officially announced new or updated climate-finance targets for the coming years.</p>

<p>However, <a href="https://careclimatechange.org/hollow-commitments-2025/" rel="noreferrer noopener" target="_blank">analysis</a> by aid organisation <a href="https://careclimatechange.org/" rel="noreferrer noopener" target="_blank">CARE International</a> last year concluded that other major climate-finance donors, including Germany and France, will also see their climate finance fall over the coming year, following cuts to their aid budgets.</p>

<p>The most significant drop has come from the US, which has <a href="https://www.carbonbrief.org/analysis-nearly-a-tenth-of-global-climate-finance-threatened-by-trump-aid-cuts/" rel="noreferrer noopener" target="_blank">effectively cut</a> its international climate finance from several billion dollars a year to zero, under the Trump administration.</p>

<p>In addition to cutting its overall contribution, the UK is <a href="https://questions-statements.parliament.uk/written-statements/detail/2026-03-19/hcws1425" rel="noreferrer noopener" target="_blank">signalling</a> that it will focus less on grant-based climate finance from government spending and more on “unlocking” billions of pounds in private-sector finance for climate action, as well as on “reform of the international development system”.&nbsp;</p>

<p>Such approaches may end up playing a major role in nations hitting the $300bn target by 2035.&nbsp;</p>

<p>However, this is highly contentious, with many developing countries <a href="https://www.carbonbrief.org/cop30-key-outcomes-agreed-at-the-un-climate-talks-in-belem/" rel="noreferrer noopener" target="_blank">arguing</a> at UN negotiations that developed countries are reneging on their responsibilities to directly “provide” climate finance.</p>

<h2 class="wp-block-heading">Methodology</h2>

<p>The UK has announced that it will spend “around £6bn” on international climate finance between 2026-27 and 2028-29. Alongside this <a href="https://questions-statements.parliament.uk/written-statements/detail/2026-03-19/hcws1425" rel="noreferrer noopener" target="_blank">announcement</a>, it released a list of “official development assistance (ODA) programme allocations 2026-27-2028-29”. These include details of “planned multilateral ODA programming” – covering MDBs – and spending on “arm’s-length bodies, private sector investments, subscriptions”, including BII.</p>

<p>Carbon Brief calculated the climate-related shares of core MDB finance – which the UK now counts as climate finance – using the climate shares for each MDB <a href="https://www.oecd.org/en/topics/sub-issues/development-finance-for-climate-and-the-environment.html" rel="noreferrer noopener" target="_blank">identified</a> by the Organisation for Economic Co-operation and Development (OECD) in 2023. These estimates may be conservative, as MDBs have committed to increasing the shares of their projects that are climate-related.</p>

<p>Carbon Brief calculated the extra BII contributions that the UK will count as climate finance by assuming, based on the most recent BII <a href="https://ar2024.bii.co.uk/wp-content/uploads/2025/07/BII_Annual_Accounts_24_.pdf" rel="noreferrer noopener" target="_blank">annual accounts</a>, that 41% of its commitments each year will be climate-related. Previously, only 30% of BII contributions were counted as climate finance, so Carbon Brief assumed the difference between these shares would be additional.&nbsp;</p>

<p>The government has also said it now automatically counts 30% of all humanitarian assistance provided to the 10% most climate-vulnerable countries as climate finance. Based on figures provided to Carbon Brief via freedom of information request, this amounts to roughly 10% of all humanitarian assistance in recent years. The government has said it will “spend approximately £1.4bn each year in the places with the highest humanitarian need over the next three years”. Carbon Brief assumed that 10% of this – £140m each year – would count as climate finance.</p>

<p>To calculate the impact of inflation on the £11.6bn target, Carbon Brief used the UK Treasury’s <a href="https://www.gov.uk/government/collections/gdp-deflators-at-market-prices-and-money-gdp" rel="noreferrer noopener" target="_blank">GDP deflator</a>, with 2021-22 as the baseline year.&nbsp;&nbsp;</p>

<p>The figures in this analysis are estimates based on the data released by the government so far. Climate-finance data is subject to various accounting changes and the final figures – when they are released – are likely to be different.</p>

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<p class="text-tag-s">Energy</p>
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<p class="text-tag-meta">25.03.26</p>
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<p>The post <a href="https://www.carbonbrief.org/analysis-uk-is-halving-its-climate-finance-for-developing-countries/">Analysis: UK is &#8216;halving&#8217; its climate finance for developing countries</a> appeared first on <a href="https://www.carbonbrief.org">Carbon Brief</a>.</p>