News

Scotland to boost climate funding

Published: 11 Nov 2021 09:00

First Minister calls on leaders to step up and secure successful outcome.

First Minister Nicola Sturgeon has confirmed that the Scottish Government will increase its fund for climate justice by a further 50% on top of the previous commitment to double the fund as part of Scotland’s response and contribution to the ongoing negotiations at COP26.

Calling on larger countries with more resources to recognise their moral responsibility and adopt a “can-do” attitude for the final days of COP26 to secure a successful outcome, the First Minister said:

“It is clear that fair climate finance is the key to making real progress at COP26. 

“Every vulnerable or developing country I have spoken with has big ambitions for meeting the climate crisis but they do not have the funding for adaptation, for mitigation, or for tackling the loss and damage that is needed to deliver. 

“Twelve years on from the commitment by developed nations to provide funding of 100 billion dollars a year, that is simply not good enough. 

“It is time for leaders of developed countries, large and small, to do what is needed to bridge the remaining gap, and put on the table now the money that is needed to make good on past commitments and unlock progress in other areas. 

“Scotland is a relatively small country of just five million people, and we do not have substantial powers of borrowing. That means our contribution will always be relatively small in a global context. However, we can still lead by example and there has never been a more vital time to do so. 

“All of my conversations with delegates from the global south over these two weeks – and the obvious need to increase the overall ambition of the draft cover text published yesterday – have convinced me that rich countries must do more on finance in the final hours of COP if we are to secure the best possible outcome. That is not charity, it is our obligation.

“Accordingly, the Scottish Government – having already committed to doubling our climate justice fund to £24 million in this Parliament – has now decided to increase it by a further £12 million. That means since the fund opened in 2012, we will have trebled Scotland’s contribution to Climate Justice.

“This increased funding will also build on our ground breaking contribution to loss and damage, by doubling our contribution to addressing loss and damage to £2 million.

“My message today is simple. If Scotland can up its contribution, there is no good reason why the larger, developed countries around the negotiating table cannot do so too.

“I call on all leaders to step up and secure the outcome from this Glasgow COP that our planet needs.”

Background

The doubling of the Climate Justice Fund was announced on 21 September 2021.