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My right hon. Friend the Secretary of State regularly discusses international climate issues with the Secretary of State for Energy and Climate Change and his ministerial colleagues. We welcome the agreement at Cancun to establish a green climate fund, but no decisions have yet been taken on a financial contribution. [Interruption.]
Order. There are far too many noisy private conversations taking place in the Chamber. I want to hear Fiona O'Donnell.
Thank you, Mr Speaker. I welcome the reaffirmation of the need to support developing countries in responding to climate change, as agreed at Cancun last year, but we still do not have the detail of where the money will come from. Will the Minister reassure the House that money will not be diverted from the aid budget, but that his Government will make additional funds available by doing as we did in government, and setting a cap on the amount of money that can be transferred from the aid budget to respond to climate change?
The clear answer is that the £2.9 billion of international climate finance announced in the spending review is being met out of a rising overseas development assistance budget and will continue to account for less than 10% of ODA, as indeed set by the previous Government.
Will the Minister join me in congratulating students at St Mary's college in my constituency who have been campaigning with the Catholic Fund for Overseas Development to lobby for greater Government aid to developing nations to help to mitigate climate change? Will he assure the House, however, that any money that goes to those developing nations will be subject to robust oversight to make sure that it is spent properly and accountably?
I am pleased to join in congratulating my hon. Friend's local college on its efforts and support. I can assure him that at all times the expenditure made in relation to these and other development issues is being subjected to the new transparency and accountability programmes and rules that we are introducing. That is live as we speak, so he can assure his college that that is in place.