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Written question asked by Baroness Ritchie of Downpatrick (Labour) on Wednesday, 24 November 2021, in the House of Lords. It was due for an answer on Wednesday, 8 December 2021. It was answered by Lord Goldsmith of Richmond Park (Conservative) on Tuesday, 30 November 2021 on behalf of the Foreign, Commonwealth and Development Office.

Development Aid: Climate Change

Question

To ask Her Majesty's Government what discussions they have had with international partners on delivering the funding required to help countries in the global south tackle climate change.

Answer

Securing an ambitious outcome on climate finance has been a core focus of the UK's COP26 Presidency. Significant progress has been made. 95% of the largest developed country climate finance providers made new, forward-looking commitments, with many doubling or even quadrupling their support for developing countries to take climate action. These commitments mean that the $100 billion annual climate finance goal will be met by 2023 at the very latest.

At COP26, it was agreed that funding to help countries adapt to climate change should at least double by 2025. Parties also agreed to begin the process of setting a new collective quantified post-2025 goal for climate finance. A work programme was also established under the UN to undertake technical work and a series of high-level ministerial dialogues will now take place to provide political engagement. Parties agreed that this process will take into account the needs and priorities of developing countries.

Secondary information

Type
Written question
Reference
HL4390
Session
2021-22
Subjects
Climate change Development aid
Link
View this Written question on www.parliament.uk