Report reveals how developed country UK could raise significant amounts of climate finance

At the UN climate conference (COP29) in Baku, Azerbaijan, rich countries are under pressure to deliver trillions in public climate finance to meet the needs of developing nations, as laid out in the terms of the Paris Agreement.

These figures might seem bafflingly large to the person on the street, and rich countries may claim the figures sound hard to achieve. But a report by Christian Aid has shown how one developed country, the UK, could raise significant amounts of climate finance and contribute its fair share to the overall money needed, without putting major strain on the public.

These measures are based on the 'polluter pays' principle.

The report, first published last year, focused specifically on covering the UK's £12.6 billion fair share of the Loss and Damage Fund which was operationalised last year at COP28 in Dubai.