Africa: Climate aid threatens to reverse debt relief

The UK government has come under fire for delivering 75 per cent of its climate finance for developing countries as loans, which the World Development Movement warns threatens to reverse decades of hard-fought progress on debt relief. Rich countries claimed a key success of the Copenhagen Accord was the announcement of $30 billion of new climate finance to developing countries. But UN Adaptation Fund, set up specifically to manage climate finance, has received just one per cent of money committed so far by donors.