The UK will need to almost double the climate finance it gives for nature conservation annually in order to meet one of its flagship international targets, according to Carbon Brief analysis of data released under freedom of information (FOI) rules.
As part of the UK’s pledge to provide £11.6bn of climate aid between 2021 and 2026, the previous Conservative government promised that £3bn of this money would be used to protect nature and, specifically, £1.5bn of that would be for forests.
A series of FOI requests and additional analysis by Carbon Brief reveal that the UK spent an average of around £450m each year on nature for the first three years of the commitment.
This will need to rise to more than £800m a year for the next two years to hit the target, amounting to nearly £1.7bn by 2026.
The new Labour government has made much of the “fiscal constraints” it is facing in office. Years of cuts to the foreign aid budget under the Conservatives have threatened the UK’s climate finance targets.
Senior Labour ministers, including foreign secretary David Lammy in a speech last week, have said they will stick to the £11.6bn goal. However, so far, they have not committed to the sub-goals set by their predecessors. When asked by Carbon Brief, the government did not confirm if the sub-goals would be honoured.
In the FOI responses, the government said it would “consider all spending plans inherited from the last government” as it undertook its spending review, which is set to conclude in spring next year.
Nature and forests
In 2019, the Conservative government led by Boris Johnson committed to spending £11.6bn on climate finance between 2021-22 and 2025-26. This is the UK share of the annual $100bn that developed countries agreed to give to developing countries from 2020.
At the start of 2021, the same government pledged to spend £3bn of the £11.6bn goal on “climate change solutions that protect and restore nature and biodiversity”. It said the money would support various projects, including marine conservation, tackling the illegal timber trade and conserving mangroves.
Later that year, as the UK hosted the COP26 climate summit, the government announced that £1.5bn of its climate finance – half of the £3bn nature target – would specifically support efforts to “halt and reverse deforestation and land degradation”.
This funding was part of the “global forest finance pledge”, which, in turn, was a significant announcement at COP26, where the UK had centred nature as one of its key themes.
These sub-goals have received less attention than the overarching £11.6bn target, which came under pressure during Rishi Sunak’s leadership. Notably, Sunak’s government changed the rules for calculating climate finance, making it easier for the UK to meet its goals.
Nevertheless, the Conservative government had retained its commitment to nature and forests, telling the Environment Audit Committee earlier this year, while still in power, that it “remained steadfast” in its commitment to the forest target.
Scaling up
Three years into the five years covered by its climate finance pledge, the UK has provided £1.34bn of climate finance for nature, of which £590m has gone to forest projects, according to Carbon Brief’s figures.
This means the UK has met around 45% of each sub-target, with only two years remaining to make up the remainder.
To meet these targets, the UK would, therefore, have to accelerate its spending on nature and forests in order to provide the remaining 55% in two years.
As the chart below shows, nature funding has steadily increased since the target was set in 2021 – a trend that would need to continue over the next two years in order to meet the goal.
This is in line with broader spending to meet UK climate finance targets, which tends to be “backloaded”, with more spending towards the end of each five-year period.
The UK provided, on average, £448m of nature finance each year from 2021, and needs to raise this to £828m, on average, in each of the periods 2024-25 and 2025-26 to reach £3bn.
A large chunk of nature funding given to date is money that the government has paid into large international funds, particularly the UN’s Green Climate Fund (GCF).
Reasoning that the GCF supports nature-related activities, the government has been marking 40% of its GCF contributions as nature finance – accounting for around a quarter of the total nature finance over the past three years.
Other big recipients so far include a project working with forest communities in Colombia, efforts to address water scarcity in the Middle East and international initiatives based on “public-private partnerships” and “market reforms” to avert deforestation.
As for forests specifically, climate finance for them has also increased. The UK has provided, on average, £222m each year, and needs to raise this to £417m, on average, in each of the periods 2024-25 and 2025-26 to hit its £1.5bn pledge.
These figures are based predominantly on FOI responses from the three major departments responsible for the UK’s overseas climate-related development projects: the Foreign, Commonwealth and Development Office (FCDO); the Department for Environment Food and Rural Affairs (Defra) and the Department for Energy Security and Net Zero (DESNZ).
Earlier this month, Carbon Brief obtained FOI responses with figures for DESNZ and Defra covering all three years from 2021-22 to 2023-24.
Defra noted that its figures for 2023-24 were “provisional as they have not been finalised”. Separately, DESNZ also provided some additional numbers for payments into international funds that were not included in the original FOI response.
The figures for FCDO 2021-22 and 2022-23 come from another FOI response, provided in March of this year, and not including 2023-24 data. Carbon Brief understands that the figures for FCDO in 2023-24 have not yet been finalised within the department.
The 2023-24 FCDO figures are, therefore, estimates, based on Carbon Brief analysis of all UK-backed climate finance projects provided in another FOI request earlier this year. (Carbon Brief calculated the share of climate finance the government deemed relevant for nature and forests in projects that are known to count towards these sub-goals.)
This means the FCDO figure for 2023-24 will not include any new nature projects that started in that year. Also, in some cases, the share of nature funding from each project may change from year to year, which would affect the final numbers. (It is worth noting that project shares for nature tended to remain very stable between 2021-22 and 2022-23.)
‘Difficult choices’
Senior ministers including net-zero secretary Ed Miliband and foreign secretary David Lammy have said the UK remains committed to the £11.6bn goal under Labour.
In a speech delivered last week at Kew Gardens in London, Lammy emphasised the UK’s role in providing climate aid to developing countries and said “we must unlock much, much more climate and nature finance”.
However, he also said that his government was operating during “times of fiscal constraint” and alluded to the difficulty of achieving the UK’s existing climate finance goals:
“The reality is that the British contribution to this [$100bn climate finance] target was a promise which the Tories casually made, but for which they did not have a plan. In contrast, my focus is on how we can actually deliver that promise, given the dire financial inheritance from the last government. Ahead of the spending review, we’re carefully reviewing our plans to do so.”
Lammy appeared to leave some flexibility for the government by emphasising that climate finance commitments were in the hands of the Treasury. In a response to an audience question, he added:
“Meeting the £11.6bn remains our ambition as we undertake the spending review, and we’ll consider all of those spending plans, and it’s important that I and others in government continue to make the case, as [chancellor] Rachel Reeves makes those difficult choices.”
As part of its FOI requests, Carbon Brief specifically asked if the government intended to retain the nature and forests sub-goals within the broader £11.6bn target. The government response stated:
“Meeting the £11.6bn remains our ambition as we undertake the spending review, which will consider all spending plans inherited from the last government.”
Climate and nature campaigners tell Carbon Brief that they were pleased to see Lammy prioritising international climate action. “It is really encouraging to see the new UK government willing to play a leading role on climate and nature globally,” says Clement Metivier, acting head of international advocacy at WWF-UK.
With nations gathering at COP29 in Baku, Azerbaijan, later this year to discuss a new global climate finance target, Harry Camilleri, a climate diplomacy and geopolitics researcher at E3G, tells Carbon Brief the UK would “lose credibility” if the £11.6bn goal slips:
“Global climate agreements are built on trust. There is an expectation that the new goal will be significantly higher than the current $100bn target. Backtracking on existing commitments, which add up to a fraction of the costs faced by vulnerable countries, will not help.”
The UK’s nature and forest climate funding is also an important part of its contribution to biodiversity finance. This will be high on the agenda at the upcoming biodiversity summit, COP16, in Cali, Colombia, in October, as developed countries have pledged to raise at least $30bn in nature finance a year by 2030.
With this in mind, Alice Jay, international director at the Campaign for Nature, tells Carbon Brief:
“Now we need to see [Lammy] follow up on his words by re-committing to the existing international nature finance pledge to developing countries. We know the FCDO understands the urgency. But does the Treasury? This is the key issue that will decide whether this new UK nature leadership will be credible at the upcoming COP16.”
When asked about the government’s nature finance commitments, an FCDO spokesperson tells Carbon Brief:
“As the foreign secretary set out in his speech at Kew Gardens last week, the climate and nature emergency is a central geopolitical challenge of our age. Tackling the scale of the threat is necessary to achieve clean and secure energy, lower bills and drive growth for the UK, and to preserve the natural world around us.
“We have already begun to turn this ambition into action. The climate and nature crisis will be central to all that the Foreign Office does.”
The post Analysis: UK must spend £1.7bn more on nature by 2026 to meet climate-finance goal appeared first on Carbon Brief.
Analysis: UK must spend £1.7bn more on nature by 2026 to meet climate-finance goal
Climate Change
“Sink or swim”: WA Gov hugely underestimating decline in regional gas demand while sleeping on green exports, new report finds
PERTH, Tuesday 13 October 2026 — A new report from Greenpeace Australia Pacific and Springmount Advisory reveals green commodity exports are an untapped economic opportunity for Western Australia in a declining Asian gas market, while offering a genuine solution for decarbonising Asia.
From Gas to Green: Building Western Australia’s Future State is a comprehensive analysis of the declining gas market in Asia, and the untapped economic opportunity for WA to become a global leader in green commodity exports while driving the regional shift away from fossil fuels.
The report offers key recommendations for the WA Government to support regional decarbonisation through an orderly phase out of gas exports in favour of green iron and other green exports. It comes as global climate leaders from across business, politics and advocacy prepare to meet for the Global Citizen Now: Perth event focused on decarbonising WA.
Key findings:
- Gas demand is falling across WA’s core markets in Asia: Gas demand fell in 2025 and is projected to continue to decline, driven by a combination of global geopolitical factors and domestic concerns.
- Policy shifts in key markets since the war on Iran now prioritise renewables and nuclear over gas: Japan, South Korea and China have legislated energy plans that prioritise renewables and nuclear over gas.
- New WA gas would arrive in a saturated, uncertain Asian market filled with cheaper gas: The US is now the world’s largest liquefied gas producer and plans to double its capacity as it also targets Asian markets.
- Green commodities offer a real solution to sustain WA’s economy: WA can lead Australia’s green commodity exports, which by 2060 could be worth almost a trillion dollars.
- Exporting more WA gas is likely to delay or impede Asia decarbonisation: Despite claims by the gas industry, there is no evidence that WA gas is displacing coal in Asia, and in fact diverts resources from genuine decarbonisation options.
Geoff Bice, WA Campaign Lead at Greenpeace Australia Pacific said: “As our export partners in Asia shift away from expensive and polluting gas, the WA Government has a golden opportunity to pivot our economy to green exports, like green iron, which is the most effective way to help our region to decarbonise.
“The writing is on the wall: gas is in decline, renewables are our future. In this context, it makes zero sense for the government to encourage high risk projects like Woodside’s reckless Browse gas proposal at Scott Reef.
“This report clearly shows that the WA Government faces a choice: sink or swim. They can either allow the gas industry to keep ripping off West Australians and continue propping up its decline, or choose the path that will deliver enormous benefits to the state and the world by becoming a leader in the rapidly expanding green economy.”
Tom Quinn, Managing Director of Springmount Advisory: “Western Australia prospers when it looks to the future and builds for future demand. Twenty years from now, what the world needs is green commodities made using WAs abundant renewable resources. Just like it did with iron ore in the 1950s and gas in the 1970s, WA should look to the future and build what the world will need, not sunsetting industries like gas that are already past their peak.”
-ENDS-
Media contact
Kate O’Callaghan on 0406 231 892 or kate.ocallaghan@greenpeace.org
Lucy Keller on 0491 135 308 or lucy.keller@greenpeace.org
A report from Greenpeace Australia Pacific and Springmount Advisory reveals the untapped green economic opportunity for Western Australia in a declining Asian gas market, which also offers a genuine solution for decarbonisation in Asia.
Is Western Australia clinging to a fading gas industry while a thriving green future passes it by? As major Asian trading partners rapidly pivot away from volatile gas imports toward cheap solar and battery storage, this report exposes a high-stakes choice: risk becoming stranded in an oversupplied fossil fuel market, or harness WA’s unmatched sun and wind to lead the global clean energy transition.
Summary
From Gas to Green: Building Western Australia’s Future State reveals that Western Australia (WA) faces a critical juncture as falling Asian gas demand, geopolitical gas supply volatility and accelerating renewable energy deployment undermine the long-term economic viability of gas exports. By harnessing its world-class wind and solar resources, the report demonstrates that WA can execute an orderly phase-out of gas and pioneer a green commodity export economy that could generate $987 billion in economic value by 2060, create 24,000 ongoing jobs, and drive a 9.6% reduction in global greenhouse gas emissions.
Key Findings
- Gas demand is falling in Asia – WA can no longer rely on gas exports: Gas demand in core Asian markets fell in 2025 and is projected to continue to decline in 2026. Legislated energy plans in Japan, South Korea, and China now prioritise renewables and nuclear over gas.
- Asia is increasing renewables, importing gas just gets in the way: Evidence from markets like Thailand suggests that gas imports are increasingly crowding out cheaper renewable energy investments and battery storage rather than displacing coal, locking in more emissions over time.
- Green commodities offer a real solution to decarbonise Asia – this is a major win for WA: With world-class renewables, WA can lead Australia’s green commodity exports, which by 2060 could be worth almost a trillion dollars ($987 billion) and support a genuine 9.6% reduction in global emissions.
Recommendations to WA government
Recommendation 1: Plan an orderly gas phase-out aligned with a trading partner pivot plan
Implement a managed, orderly phase-out of gas exports aligned with trading partners’ decarbonisation pathways, rather than waiting for demand to collapse, by:
- Developing and implementing a staged phase-out of gas facilities aligned with feedstock supply expiry or typical end of facility lifespans.
- Committing to no new gas development for gas expansion, including Browse and Kimberley fields.
- Developing new, reciprocal trade relationships with existing gas trade partners, structured to progressively replace gas exports with green commodities – integrated with recommendation 2.
Recommendation 2: Develop an integrated green commodity export strategy, positioning WA as a global green iron manufacturing hub
Establish an integrated green commodity export strategy that immediately prioritises green iron development, positioning WA as a global green iron manufacturing hub, by:
- Committing to green commodity export targets to give industry and investors a clear demand signal.
- Prioritising green iron as the lead sector within the broader green commodity strategy, given WA’s iron ore endowment and first-mover potential.
Recommendation 3: Reject false solutions such as carbon dumping (CCS) and blue hydrogen
Reject carbon dumping (also described as carbon capture and storage, or CCS) and blue hydrogen as viable decarbonisation technologies, and prioritise green hydrogen and proven renewables for clean energy and fuel production by:
- Excluding blue hydrogen projects (and CCS-dependent projects) from all government support programs.
- Requiring existing hydrogen-based production (including ammonia, methanol, synthetic fuels) to have clear, near-term transition timelines to switch to green hydrogen production.
What you can do
Together, we can push for a prosperous green future.
You can help by:
- Sending an email to Environment Minister Murray Watt and Prime Minister Anthony Albanese, calling on them to reject Browse.
- Sharing this story to help more Australians understand what’s at stake.
- Encouraging your friends and family to take action.
REPORT: “From Gas to Green” Building Western Australia’s Future State