Forest-Risk Commodities Debate
Full Debate: Read Full DebateBaroness Sheehan
Main Page: Baroness Sheehan (Liberal Democrat - Life peer)Department Debates - View all Baroness Sheehan's debates with the Department for Environment, Food and Rural Affairs
(1 day, 8 hours ago)
Lords ChamberTo ask His Majesty’s Government what steps they are taking to implement due diligence requirements for forest-risk commodities.
My Lords, the UK strongly supports global efforts to protect forests and remains steadfast in working with partners to deliver the shared commitment to halt and reverse deforestation and forest degradation by 2030. The Government are currently considering their approach to addressing the deforestation impact of the use of forest-risk commodities in our supply chains, and we will update the House at the earliest opportunity.
My Lords, the national security assessment, which the Government still refuse to publish in full, has been leaked in full to ITV News. It states that nature loss, including deforestation, is already slowing UK growth and productivity and could leave annual GDP 12% lower by 2030 than it would otherwise have been, making a mockery of the Government’s growth agenda. Will the Minister confirm these figures? When will the Government start taking nature loss as the grave economic threat that it is and get on with urgent job of protecting nature?
I assure the noble Baroness that the UK remains absolutely committed to providing international climate finance, both now and in the future, and to play our part alongside other developed countries and climate finance providers to deliver on our international commitments. There is a real economic benefit globally, not just here, to do that. We are on track to deliver £11.6 billion in international climate finance by the end of 2025-26 and are supporting the transition to more sustainable food and land use globally to help ensure the future of our global supply chains.