Question

To ask the President of COP26, what steps the Government is taking as COP President to ensure that the $100 billion International Climate Finance commitment is met before 2023.

In the lead up to COP26, the UK Presidency has made significant progress in securing new and ambitious finance commitments. 95% of the largest donors made new commitments to the $100bn goal, which will be reached by 2023 at the latest, and continue on a rising trajectory through to 2025. It is now likely that $500 billion will be mobilised over the period 21-25.

Throughout our Presidency year, working with other donor countries will be a top priority, and we will continue to work with developed countries to ensure the implementation of the climate finance Delivery plan. At COP26, we also agreed to a first report on the $100bn/yr goal under the UNFCCC to ensure we maintain focus and build trust.