31 million tonnes of greenhouse gas emissions were degraded globally in the last nine years as a result of UK intervention – the equivalent to taking 6.7 million cars off the road for a year – according to new climate finance data announced on Wednesday, 19 August.
UK International Climate Finance (ICF) investments intend to decrease poverty by aiding developing countries to build resilience and manage the risks of climate change. Developing nations are the hardest hit by climate change and the World Bank predicts that without intervention the impact of rising emissions could push an additional 100 million people into poverty by 2030.
Today’s results show that since 2011, UK aid investment has provided 33 million people with improved access to clean energy, including connections to off-grid renewable energy sources, access to solar lanterns, and clean cookstoves.
It also installed 2000 MW of clean energy capacity, equivalent to the capacity of 454 average-sized UK offshore wind turbines.
World Bank also Helped 66 million people to cope with the effects of climate change, for example by providing training on how to grow climate-resilient crops.
World Bank also leveraged £2.2 billion of private finance to fight climate change.
