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Written question asked by Lord Selkirk of Douglas (Conservative) on Wednesday, 30 November 2022, in the House of Lords. It was due for an answer on Wednesday, 14 December 2022. It was answered by Lord Goldsmith of Richmond Park (Conservative) on Friday, 9 December 2022 on behalf of the Foreign, Commonwealth and Development Office.

Climate Change: Finance

Question

To ask His Majesty's Government what steps they are taking to support the creation of an international funding facility to combat climate change and respond to the loss and damage commitments made at COP27.

Answer

All parties at COP27, including the UK, agreed to establish both new funding arrangements for assisting developing countries that are particularly vulnerable to the adverse effects of climate change, and a fund for responding to loss and damage. Parties also agreed to establish a Transitional Committee on operationalisation of the funding arrangements and the fund.

The UK announced at COP27 £5 million of funding for the Santiago Network for Loss and Damage which will bring together and enhance the technical assistance available to developing countries suffering from the worst impacts of climate change.

The UK will constructively engage with the Committee, with the United Nations Framework Convention on Climate Change and parties and with civil society to help ensure the funding arrangements, fund and the Santiago Network for Loss and Damage deliver effectively for countries particularly vulnerable to the adverse effects of climate change.

Secondary information

Type
Written question
Reference
HL3919
Session
2022-23
Subjects
Climate change Finance
Link
View this Written question on www.parliament.uk