Climate Change: Finance

(asked on 9th September 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps the Government is taking to support negotiations to agree an ambitious New Collective Quantified Goal on Climate Finance at COP29.


Answered by
Kerry McCarthy Portrait
Kerry McCarthy
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 17th September 2024

Delivering an ambitious outcome on the New Collective Quantified Goal (NCQG) is critical to ensure we can deliver towards the ambition of the Paris Agreement. The UK is committed to working together with all Parties to agree a new climate finance goal that supports the most vulnerable, encourages finance to increase from all sources and accelerates the necessary reforms of the global financial architecture. In line with this, the UK is actively engaging internationally at both Ministerial and Official levels with developed and developing countries to achieve an outcome which meets these critical objectives.

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