Climate Change: Finance

(asked on 15th March 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

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.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
This question was answered on 20th March 2023

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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