Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, whether he plans to take steps to encourage companies that extract fossil fuels to contribute to the loss and damage fund at COP 29.

The UK is committed to establishing an efficient and effective Fund for Loss and Damage which delivers demonstrable outcomes for those particularly vulnerable to climate change. The UK's pledge of up to £40 million for the new Fund will help achieve this. Given the scale of finance required to respond to climate impacts, it is essential that the Fund encourages and deploys a wide variety of sources of funding, including from public, private and innovative sources. As a Board member, the UK will work with others to broaden the scale, scope and sources of financing for loss and damage.