Climate Change: Finance

(asked on 17th October 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what recent assessment he has made of the UK's progress on meeting the international climate finance commitments announced at COP26, and if he will publish a breakdown of progress on each of those commitments.


Answered by
Vicky Ford Portrait
Vicky Ford
This question was answered on 25th October 2022

Under the UK's COP Presidency 95% of the largest developed country climate finance providers made new, forward-looking climate finance commitments. The $100 billion Delivery Plan projects that the $100 billion finance goal will be met by developed countries by 2023 at the latest, with over $500 billion mobilised over the 5-year period 2021-25. In addition, at COP26 there was significant progress on adaptation finance, with collective agreement to at least double finance for adaptation on 2019 levels by 2025. We are encouraging all climate finance providers to bring forward their Progress Update to the $100 billion Delivery Plan for COP27.

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