UK Allocates Â£1 billion for Fast Start Finance Initiative
Fast Start finance for 2011 and 2012 is funded from the UK governmentâ€™s Â£2.9bn International Climate Fund (ICF), which aims to help developing countries tackle climate change and adapt to the effects of global warming.
The ICF budget is part of the Overseas Development Aid allocation, which will be 0.7 percent of the UKâ€™s gross national income from 2013.
Earlier at the Copenhagen climate talks in 2009, developed countries pledged to provide approaching $30 billion of Fast Start Finance between 2010 and 12, with the UK contributing Â£1.5 billion.
Chris Huhne, secretary for UK Energy and Climate Change, said: â€œWe promised weâ€™d be the greenest government ever both at home and abroad and passing the Â£1bn milestone shows the UKâ€™s commitment to helping developing countries tackle and cope with the effects of global warming.
"Africa is one of the areas which will feel the impacts of climate change first which is why weâ€™re helping its people adapt to a warmer world and not become reliant on dirty fossil fuels.
"Climate change is the greatest challenge of the 21st century so we have a moral responsibility to help the poorest countries respond. This not only benefits the most vulnerable but also helps all of us move towards a safer and cleaner future."
The UK has revealed several new projects to help the most vulnerable people in Africa that include a Â£150m to fund the Clean Technology Fund, which will make it possible to support projects such as low carbon public transport systems and promote energy efficiency in Nigeria.
A Â£38m to help unlock $300m to help farmers in Eastern and Southern Africa adapt to climate change.
A Â£27.6m to improve access to 7,200 poverty-stricken rural households currently unconnected to the grid in Eastern and Southern Africa and making low carbon energy accessible to thousands more homes.
A Â£15m to develop Ethiopiaâ€™s ability to respond to climate change. Through a challenge fund and an innovation centre for small businesses, UK aid will help Ethiopia build on its climate institutions and skills.
And a Â£6.7m to catalyse further investment in climate adaptation programmes in Kenya. As part of the fast start commitment, is a further package of support to help people from developing countries across the world adapt to the effects of climate change:
A Â£10m for the UN Adaptation Fund to directly help around 70,000 people in developing countries cope with effects of global warming, for example putting in place extreme weather early warning systems, improving water management, irrigation and sewage systems and raising key buildings on stilts;
A Â£30m for the Least Developed Countries Fund to address the special needs of the 48 Least Developed Countries (LDCs), which are especially vulnerable to the adverse impacts of climate change;
A Â£85m for the Pilot Programme for Climate Resilience (PPCR) to enable vulnerable countries and regions (including Mozambique, Nepal, Zambia, Tajikistan, Bolivia, Cambodia, Caribbean and Pacific) to implement the priorities they identified through their Strategic Plans for Climate Resilience.
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