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, with reference to the discussions ahead of COP28 on the World Bank potentially hosting the Loss and Damage fund for an interim period, what diplomatic steps his Department is taking to help ensure that the World Bank (a) meets the needs of communities most affected by loss and damage and (b) is accessible for local organisations and actors during this interim period.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
This question was answered on 6th December 2023

The Government recognises that it is the most vulnerable who face the harshest realities of climate change, and too little climate finance reaches the local level. We will deploy our position and funding to work with the World Bank and others to ensure effective targeting of funding, including in line with our White Paper commitments to localisation. The UK will continue to champion a significant minimum allocation floor for Least Developed Countries and Small Island Developing States within the Fund, as agreed in the text adopted by COP28 on Day 1.

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