Climate Change: Investment

(asked on 18th March 2024) - View Source

Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what assessment he has made of the implications for his policies of the Climate Change Committee’s report entitled Investment for a well-adapted UK, published on 1 February 2023.


Answered by
Rebecca Pow Portrait
Rebecca Pow
Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
This question was answered on 22nd March 2024

The Government’s third National Adaptation Programme (NAP3) was published in July 2023 and sets out how we are investing billions in projects to improve the UK’s climate resilience. This includes £5.2bn of investment over six years in flood and coastal erosion schemes in England, and £2.4bn per annum until the end of this current Parliament on the Farming and Countryside Programme which supports and helps to drive practices that embed greater climate adaptation in England's agriculture. Where government has concerns about the level of investment in resilience we have acted swiftly. For example, through the recent Plan for Water we have accelerated £2.2bn of investment in measures to secure a resilient, clean and plentiful supply of water now and in the future.

The Government has also committed to support the flow of private finance into adaptation through the government’s 2023 Green Finance Strategy ‘Mobilising Green Investment’. This includes working with private sector partners to improve the approach to climate resilience assessment and disclosure, and supporting private and public collaboration to overcome barriers to investment and assist in the functioning of new markets.

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