Climate Change: Finance

Foreign, Commonwealth and Development Office written question – answered at on 20 March 2023.

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Photo of Bell Ribeiro-Addy Bell Ribeiro-Addy Labour, Streatham

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking to encourage his international counterparts to provide additional finance for climate-induced loss and damage, above that of previous climate finance commitments.

Photo of Anne-Marie Trevelyan Anne-Marie Trevelyan Minister of State (Foreign, Commonwealth and Development Office)

At COP27, the UK and all parties agreed to establish new funding arrangements for responding to loss and damage. It was agreed to establish a Transitional Committee (TC) under the United Nations Framework Convention on Climate Change (UNFCCC) to develop recommendations on the new arrangements and the UK is actively engaged with this process as a TC member. We will be encouraging all members of the TC and other parties to the UNFCCC to consider how new and additional resources, including sources and funds from outside traditional donors, can be delivered to support vulnerable countries in the future.

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