UK bets on private investors to fill climate aid gaps after cuts
The UK government is looking to private investors to compensate for cuts in climate aid funding. Development minister Jenny Chapman stated that the aim is to continue increasing climate finance despite a nearly 15% reduction in aid. Critics argue that aligning private investment with the needs of developing countries remains a significant challenge.
- ▪The UK aid contribution to climate finance is set to fall by almost 15% to £6 billion over the next three years.
- ▪The government aims to leverage additional finance from private investors to supplement the reduced aid.
- ▪Critics highlight that adapting to climate impacts often requires funding for public good projects, which may not attract private capital.
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ClimateUK bets on private investors to fill climate aid gaps after cutsExclusive: Development minister Jenny Chapman tells The Independent that the government wants to grow the money the UK provides to battle the climate crisis despite cutting funds. But, humanitarian organisations say the needs of private investors and developing countries are not always aligned Nick Ferris Climate Correspondent Saturday 23 May 2026 10:50 BSTBookmarkCommentsGo to commentsBookmark popoverRemoved from bookmarksClose popover{"translations":{"comments":"Go to comments","share":"Share","copyLink":"Copy link","bookmark":"Bookmark","removeBookmark":"Remove…
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