This was seen in the limited UK response both to devastating floods in Pakistan in August 2022 and to the worsening drought in the Horn of Africa.25 The UK’s ICF strategic priorities 3.5 The UK’s 2023 ICF strategy confirms that, in addition to contributing to the overall global climate finance target, the UK’s ICF should contribute to the UK government’s four climate and nature goals, covering the. [...] The documents discussed the severe risk of reneging on either the overall amount of finance committed, or on meeting the timeline, and highlighted the reputational risk attached to extending the timeline to the end of the 2026 calendar year instead of the 2025-26 fiscal year. [...] The changes made to the methods used for calculating ICF and efforts to ensure all ICF-eligible spend is included were necessary to enable the UK to meet the £11.6 billion commitment, but moved the goalposts in measuring additional climate finance to developing countries 4.10 To meet the UK’s climate finance commitment, the government opted to adjust its accounting methodology, essentially moving. [...] None arrived at the same estimates for the financial implications of the changes, although the estimates of adjustments to the calculation of the climate-relevant share of humanitarian programming were relatively close, within 10% of the calculated average of climate-relevant expenditure assigned after the adjustment. [...] 5.4 The UK has long held a leadership role internationally on climate but this has been adversely impacted over the past year, due to concerns about the UK’s ability and willingness to meet the target, the changes to the way the £11.6 billion target is calculated, and the changes in domestic net zero commitments.
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