International Climate Fund (ICF)
The government has set up the International Climate Fund (ICF) to provide £3.87 billion between April 2011 and March 2016 to help the world’s poorest adapt to climate change and promote cleaner, greener growth.
We work in partnership with developing countries to:
- reduce carbon emissions through promoting low carbon development
- help poor people adapt to the effects of climate change
- reduce deforestation
The ICF’s strategic objectives are listed in the ICF Implementation Plan technical paper.
Funding the ICF
Management of the ICF is split between 3 government departments:
- Department of Energy & Climate Change (DECC) – gives £1.329 billion to the ICF
- Department for International Development (DFID) – gives £2.4 billion to the ICF
- Department for Environment, Food & Rural Affairs (Defra) – gives £140 million to the ICF
Funding for climate adaptation is for poor and vulnerable countries, including the least-developed countries, small island states and Africa. Funding for climate mitigation and forestry is for regions that have opportunities for reducing emissions in ways that can also reduce poverty and promote sustainable development (forestry funding will also aim to deliver biodiversity and/or ecosystem benefits). It is usually given to low-income countries, the least-developed countries and some middle-income countries.
The ICF contributed to meeting our commitment to provide £1.5 billion in Fast Start finance for climate change from 2010 to 2012.
The Capital Markets Climate Initiative (CMCI) Innovation Platform provides a forum where specific ICF proposals that involve working with the private sector finance can be discussed with the expert CMCI participants.
Monitoring and evaluation of ICF programmes
Monitoring and evaluation systems for ICF spend are aligned across the participating government departments. These use a set of high-level indicators to measure impact and value for money. Examples of indicators used to monitor the results of the scheme are outlined in the ICF implementation plan.
We expect the Independent Commission on Aid Impact (ICAI) will independently evaluate impact and value for money in the ICF in 2013.
All DFID projects can also be found on their Development Tracker.
DECC and DFID are signatories of the International Aid Transparency Initiative (IATI) and regularly update and publish the data on projects the ICF supports.