Climate Change: Finance

(asked on 28th November 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Minister of State, Foreign, Commonwealth and Development Office, if his Department will pledge (a) new and (b) additional finance to the Loss and Damage fund at COP28.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
This question was answered on 6th December 2023

The UK is committed to honouring the agreements reached at COP27 and at the United Nations Framework Convention on Climate Change's (UNFCCC) Transitional Committee to operationalise the loss and damage fund. The UK was therefore delighted to announce up to £60 million on Day 1 of COP28: £40 million for the new fund and a further £20 million for funding arrangements. To deliver for the most vulnerable at the scale required, it is critical the fund can receive finance from the widest range of sources, including innovative sources, to complement grants and concessional loans.

Reticulating Splines