Close Menu
  • Home
  • Business
  • Celebrities
  • Economy
  • Environment
  • Health
  • Millionaire
  • Politics
  • Regions
    • Africans
    • Asians
    • Americans
    • Latinos
    • Euro Zone
What's Hot

German economy could stagnate again this year, Bundesbank says – Politico

February 25, 2025

Tech billionaire Brian Johnson’s ‘I am a parallel Brahman’ video goes viral ahead of India visit: ‘I eat…’

November 28, 2024

Thanksgiving 2024: How Matthew McConaughey and other stars celebrated

November 28, 2024
Facebook X (Twitter) Instagram
Tuesday, May 20
Facebook X (Twitter) Instagram
Young Boss News
  • Home
  • Business
  • Celebrities
  • Economy
  • Environment
  • Health
  • Millionaire
  • Politics
  • Regions
    • Africans
    • Asians
    • Americans
    • Latinos
    • Euro Zone
Young Boss News
Home » UK needs to double conservation budget to meet targets, new data shows | Environment
Environment

UK needs to double conservation budget to meet targets, new data shows | Environment

adminBy adminSeptember 26, 2024No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link


The UK government is falling short on promises to fund nature conservation in developing countries and would need to double current spending to meet its targets, new data has found.

The previous Conservative government’s underspending on overseas climate aid meant spending averaged just £450 million a year for the three years from 2021 onwards – less than half the £3 billion pledged for conservation projects in poorer countries.

Labour faces tough choices over spending: Carbon Brief, which obtained its data through a Freedom of Information request to the government, calculates it will need to spend more than £800 million each year for the next two years to meet its targets.

At the COP26 summit in Glasgow in 2021, Prime Minister Boris Johnson pledged £11.6 billion in climate finance for developing countries by 2026. Of this, £3 billion was to be dedicated to nature conservation projects, half of which was to go to forest conservation projects.

Labour faces tough questioning from developing countries over its funding at two international summits: COP16 on biodiversity in Colombia next month and COP29, the UN climate summit in Azerbaijan in November.

Clement Metivier, international advocacy head at WWF UK, said: “Finance will be central to the upcoming nature and climate talks. The UK government cannot afford to go into the negotiations empty-handed, which is why WWF is calling on the UK to stick to its previous financial commitments. Providing £11.6 billion in climate funding, of which £3 billion for nature, is vital to rebuild trust with countries and communities most affected by the ongoing climate and nature crisis.”

Energy Net Zero Secretary Ed Miliband reaffirmed this key commitment this summer, hosting his Azerbaijani counterpart Mukhtar Babayev, who is also the COP29 President, in London in July. However, all government spending is subject to a comprehensive budget review being carried out by the Treasury as part of the Autumn Budget.

Chancellor of the Exchequer Rachel Reeves has kept all departments and departments under tight control over spending, and some spending will be cut. But three cabinet ministers — Miliband, Foreign Secretary David Lammy and Environment Secretary Steve Reid — recently vowed to put the UK at the centre of global climate and nature talks. This effort would be undermined if the UK is seen to have broken long-standing commitments, even ones that the previous government itself failed to keep.

The findings of the funding gap come as Messrs Lammy and Reid prepare to appoint a new nature envoy for the first time, who will join climate expert Rachel Kyte, revealed by the Guardian this week.

The two envoys are expected to build links with developing countries in international climate and nature discussions.

Lord Goldsmith, who served as a minister in Boris Johnson’s government before stepping down in 2023, more than six months after Rishi Sunak took over as chancellor, was one of the architects of the £3 billion pledge. He told the Guardian that it should be honoured to maintain credibility with developing countries.

He said: “The UK has historically demonstrated significant leadership in global nature diplomacy, but we have fallen short in meeting agreed financial obligations that would help protect the ecosystems we depend on. In a country where environmental issues are consistently ranked in the top five concerns, our performance is falling far short.”

He added: “No challenge is more important or more urgent than making peace with the natural world on which we depend for everything. It is essential that we match our diplomatic efforts and successes with serious investments in partnership with other governments.”

A Foreign Office spokesman said: “The climate and nature emergency is the central geopolitical challenge of our time. Addressing the scale of the threat is vital to delivering clean and safe energy, lowering UK bills, boosting growth and protecting the natural world around us. We have already started to put this ambition into action. The climate and nature crisis will be at the heart of everything the Foreign Office does.”



Source link

Follow on Google News Follow on Flipboard
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleOpenAI’s brain drain has become a tech meme
Next Article Travis County approves 6.5% tax increase for Central Health budget amid fiscal dispute
admin
  • Website

Related Posts

Maine Attorney General sues major oil companies over climate change – JURIST

November 28, 2024

Scientists hope to ‘turn on’ photosynthesis

November 27, 2024

Will Kashmir’s new government be able to tackle environmental issues? |News |Eco Business

November 27, 2024

New Agriculture Secretary must consider climate change as America’s farms face more droughts, storms and floods

November 26, 2024

Climate change activist convicted of red powder attack on US Constitution

November 26, 2024

Plastic pollution negotiations must not fail: UN environment chief | Nationwide

November 25, 2024
Add A Comment
Leave A Reply Cancel Reply

Economy News

Northvolt files for bankruptcy in big blow to Europe’s EV sector

By adminNovember 22, 2024

Swedish battery developer and manufacturer Northvolt has filed for bankruptcy in the United States after…

President Putin says new Oleshnik missile test in Ukraine is a response to NATO aggression

November 22, 2024

Eurozone inflation data – Another argument for euro recovery? – Commerzbank

October 31, 2024
Top Trending

German economy could stagnate again this year, Bundesbank says – Politico

By adminFebruary 25, 2025

Europe’s largest economy has shrunk slightly for the past two years in…

Tech billionaire Brian Johnson’s ‘I am a parallel Brahman’ video goes viral ahead of India visit: ‘I eat…’

By adminNovember 28, 2024

Brian Johnson, the age-reversed billionaire who is scheduled to visit India this…

Thanksgiving 2024: How Matthew McConaughey and other stars celebrated

By adminNovember 28, 2024

Multiple stars are sharing what they’re thankful for in 2024. Former Bachelor…

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Welcome to Young Boss TV!

At Young Boss TV, we are dedicated to providing you with the latest and most relevant information in the fast-paced world of urban news. Our platform serves as a vital resource for anyone looking to stay informed about global business news, politics, environmental issues, health trends, and celebrity happenings

Facebook X (Twitter) Instagram Pinterest YouTube

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise with Us
  • Contact us
  • DMCA Policy
  • Privacy Policy
  • Terms and Conditions
© 2025 youngboss. Designed by youngboss.

Type above and press Enter to search. Press Esc to cancel.