The UK’s International Climate Finance (ICF) is a portfolio of investments designed to support the eradication of international poverty by helping developing countries manage risk, build resilience to the impacts of climate change, take up low-carbon development at scale and manage natural resources sustainably.
In this review, the ICAI/Agulhas team assessed the contribution of UK International Climate Finance to promoting low-carbon development in developing countries. This part of the portfolio supports developing countries to shift to a development pathway that minimises emissions while still meeting their developmental goals.
The review gave the ICF’s approach to low-carbon development a green-amber. It recognises the substantial investment in results measurement and knowledge generation, and the UK’s influencing of multilateral partners to strengthen results measurement. There are, however, important issues still to be resolved around how learning is used to inform portfolio and programme management.
Areas of expertise:
- Aid effectiveness
- Performance management and accountability
- Aid architecture
- Resilience and sustainability
- Policy response to climate change
Related press coverage:
- UK spent £440million of foreign aid on green schemes in well-off countries, The Sun
- UK makes assurances on climate finance amid concerns over aid restructuring, Climate Change News