Developing Countries: Climate Change

Foreign, Commonwealth and Development Office written question – answered on 30th November 2021.

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Photo of Baroness Ritchie of Downpatrick Baroness Ritchie of Downpatrick Non-affiliated

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.

Photo of Lord Goldsmith of Richmond Park Lord Goldsmith of Richmond Park The Minister of State, Department for Environment, Food and Rural Affairs, Minister of State (Foreign, Commonwealth and Development Office)

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.

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