The United Kingdom Climate Finance Results Are In

Climate finance refers to local, national or transnational financing—drawn from public, private and alternative sources of financing—that seeks to support mitigation and adaptation actions that will address climate change.

The United Kingdom International Climate Finance is a portfolio of investments with a goal to support international poverty eradication now and in the future by helping developing countries manage risk and build resilience to the impacts of climate change, take up low-carbon development at scale and manage natural resources sustainably.

The definition of a result is how something ended or the outcome of some action. An example of result is a house that smells of fresh baked bread after baking bread. An example of result is the answer received in a math calculation.

Through annual publications we set out results from these investments against a set of Key Performance Indicators.

The ICF Key Performance Indicator methodology notes are used to guide programme teams, delivery partners and analysts managing ICF programming in their data collection for ICF results.

The breadth of programming necessitates not having a prescriptive approach. Programmes are asked to report achieved and forecast results annually against relevant KPIs.

As in Carbon Brief’s previous analysis, India was by far the biggest recipient of climate finance, with more than double the funds received by the next largest, Bangladesh. Japan and Germany provided about 94% of the funds to India, almost all in the form of loans.