Skip to content
Oil Change International | Data Driven, People Powered. Oil Change International | Data Driven, People Powered.
  • About
    • Our Work
    • Values
    • Team
    • Jobs at OCI
    • Ways to Give
  • Program Areas
    • Africa
    • Asia
    • North Sea
    • United States
    • Global Industry
    • Global Public Finance
    • Global Policy
  • Blog
  • Press Releases
  • Publications
Donate
  • Get Updates
    • Share on Bluesky Share on Bluesky Bluesky (opens in a new window)
    • Share on Twitter Share on Twitter Twitter (opens in a new window)
    • Share on Instagram Share on Instagram Instagram (opens in a new window)
    • Share on LinkedIn Share on LinkedIn LinkedIn (opens in a new window)
    • Share on Facebook Share on Facebook Facebook (opens in a new window)
Donate
  • About
    • Our Work
    • Values
    • Team
    • Jobs at OCI
    • Ways to Give
  • Program Areas
    • Africa
    • Asia
    • North Sea
    • United States
    • Global Industry
    • Global Public Finance
    • Global Policy
  • Blog
  • Press Releases
  • Publications
    • Get Updates
    • Share on Bluesky Bluesky
    • Share on Twitter Twitter
    • Share on Instagram Instagram
    • Share on LinkedIn LinkedIn
    • Share on Facebook Facebook
Go to OCI Homepage
Current Affairs
Published: May 19, 2008

UK Demands Repayment of Climate Aid

  • Latest from OCI
  • Blogs listing
  • UK Demands Repayment of Climate Aid
    • Blog Post Climate change climate change impacts Current Affairs Politics
Andy Rowell

When not blogging for OCI, Andy is a freelance writer and journalist specializing in environmental issues.

[email protected]

Never trust a politician over climate change, that’s the lesson of this story.

Britain’s £800m international project to help the poorest countries in the world adapt to climate change has come under fire after it emerged that almost all the money offered will have to be repaid with interest.

The UK environmental transformation fund was announced with a full fanfare by the UK Prime Minister in November 2007, and was widely expected to be made in direct grants to countries experiencing extreme droughts, storms and sea level rise associated with climate change.

But the money will be administered by the World Bank mainly in the form of concessionary loans which poor countries will have to pay back to Britain with interest.

“It should be grants and not loans, otherwise developing countries will have to pay twice, once for the emissions that caused the problems and then again to clean up the mess,” said Tom Sharman, a policy adviser with ActionAid in London. “This is not money that is additional to Britain’s aid budget. It seems strange to be cancelling debt and then inviting poor countries to take on new debt.”

Oil Change International | Data Driven, People Powered.
Donate Get Updates
Back to the top
  • Keep in touch

  • Oil Change International
    714 G St. SE, #202
    Washington, DC 20003
    United States

    +1.202.518.9029

    [email protected]

    • Share on Bluesky Bluesky (opens in a new window)
    • Share on Twitter Twitter (opens in a new window)
    • Share on Instagram Instagram (opens in a new window)
    • Share on LinkedIn LinkedIn (opens in a new window)
    • Share on Facebook Facebook (opens in a new window)
  • Quick links

  • About OCI
  • Our Values
  • Jobs at OCI
  • Ways to Give
  • Media Centre

  • Publications
  • Press
  • Associated websites

  • Big Oil Reality Check
  • Energy Finance Database
  • Permian Climate Bomb
  • Site map
  • Privacy policy

Copyright © 2025 Oil Change International. Web design by Fat Beehive