Early day motion tabled by primary sponsor Mark Durkan (Social Democratic & Labour Party), on Tuesday, 20 May 2008, in the House of Commons. It is signed by 29 members in total.

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ENVIRONMENTAL TRANSFORMATION FUND

That this House recalls the wide welcome in November 2007 for the Prime Minister's announcement of an ??800 million fund to help the world's poorest countries adapt to climate change; notes that this environmental transformation fund was widely expected to be administered as direct grants to countries experiencing droughts, storms and sea level rises associated with climate change; is concerned that the Government now intends that this money will be administered by the World Bank mainly in the form of concessionary loans which poor countries will have to repay to the UK with interest; believes that inviting poor countries to incur new debt to cope with climate change contradicts the logic of debt cancellation; notes the plans to promote the environmental transformation fund as a showpiece contribution to developing countries at the G8's meeting in Japan in July; welcomes the indications that some other countries favour grants rather than loans as the working basis of such a fund; calls on the Government to renew the spirit of its principled past endeavours on making poverty history, debt cancellation, transforming aid and leading on climate change; and urges Ministers to commit to this fund in the form of direct grants and as additional aid.

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Secondary information

Type

Early day motion

Reference

1621 

Session

2007-08

Other sponsors

Andrew Mackinlay

Eddie McGrady

Ann McKechin

David Drew

Andrew George

Subjects

Climate change Developing countries Environment protection

Link

View this Early day motion on www.parliament.uk