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UK commits more than £85 million funding at COP28 to tackle deforestation and cut emissions
The UK has announced a multi-million pound package of measures to protect the world’s rainforests, encourage investment in clean energy technologies and help developing countries cut their carbon emissions.
At COP28 in Dubai, Energy Security Secretary Claire Coutinho commited over £85 million funding for initiatives ranging from combating deforestation to cutting methane emissions and will sign new clean energy agreements with international partners, including Brazil, the US and countries across Europe.
The funding includes up to £35 million to protect the Amazon rainforest through Brazil’s dedicated Amazon Fund. This would be on top of £80 million announced by the Prime Minister earlier this year, placing the UK among the fund’s top 3 contributors.
Other measures include:
Energy Security Secretary Claire Coutinho said:
The UK is a world leader in the drive to net zero, so it is vital we support our international allies like Brazil in meeting their climate ambitions.
That’s why we have pledged up to £35 million to help stop deforestation in the Amazon, making the UK one of the largest contributors to the Amazon Fund.
We will also partner with Brazil at COP28 and draw on our combined strengths to develop alternative fuels like hydrogen, advance green technologies and drive global action to cut emissions.
The first agreement with Brazil will boost efforts to cut carbon emissions from heavy industries including steel, cement and chemicals – which are set to become responsible for the largest share of global emissions in the 2030s. Measures to do this will include implementing new technologies, piloting the use of alternative fuels and enhancing energy efficiency.
The second will see the UK support Brazil’s National Hydrogen Programme, which is aiming for a sevenfold increase in research and development in clean hydrogen-related technologies between 2020 and 2025. This could support multiple sector transitions to net zero including heavy industry and maritime.
The COP28 President Dr Sultan Al Jaber is also expected to launch a 12-month Action Plan under the UK’s COP26-initiated Breakthrough Agenda – which has become an established part of the international COP framework.
Alongside a coalition of 56 governments, led by the United Arab Emirates, the UK, the US, India, Morocco, Canada, Germany, Egypt and France, the global Action Plan is designed to accelerate international collaborative action to lower the cost of clean technologies in the power, road transport, steel, hydrogen, and agriculture sectors – and ensure the world is on track to halve emissions by 2030.
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