Value for money is a process, not a one-off event. The value for money of climate change projects is assessed during design and appraisal, during implementation and, for a sample of completed projects, through evaluation.
It is vital at this time that we get absolute value for every penny we spend, but the Minister will be aware that 70% of CO2 emissions come from developed countries, whereas the World Bank estimates that 80% of the damage will be suffered by the developing world. After the Durban climate change conference, what steps will be taken to ensure that new and additional clauses are not dropped from climate change financing?
The hon. Gentleman is absolutely right to imply that the effects of climate change have a continually damaging effect on the poorest people of the world. Therefore, we hope that the discussions that have taken place in Durban will produce the success and the architecture that are required. However, there have been some announcements, particularly as part of Fast Start, to help people from developing countries around the world to adapt to the effects of climate change. That will be through the UN adaptation fund or the least-developed countries fund, and will be particularly for climate resilience programmes in both Ethiopia and Kenya. There is therefore a significant focus on the poorest.
With the Durban climate change conference coming to a close this week, will the Minister tell the House what impact he and his Department have had on shaping Britain’s negotiating position, and whether the Government will live up to the commitment to help to fund the additional $100 billion needed for climate finance for developing countries?
I thank the hon. Lady for drawing attention to that key aspect, but in focusing totally on results and achieving the genuinely transformational climate change effects that we want, this Government have absolutely stood by our promise to meet the requirements to fulfil the international climate fund— the responsibility is split between the Department for International Development, the Department of Energy and Climate Change, and the Department for Environment, Food and Rural Affairs. There has been a series of announcements. We are now two thirds of the way through the Fast Start commitment, so the answer is yes, our commitments are in place.