PARLIAMENTARY DEBATE
Climate Change Adaptation - 30 January 2024 (Commons/Commons Chamber)

We are committed to spending £1.5 billion on climate adaptation by 2025.

Extreme weather is already causing huge devastation, especially in the poorest communities across the world, who are also the least likely to find investors or to borrow from global financial institutions. At COP28 there was a breakthrough, and a loss and damage fund has finally been established. However, the money for the UK’s contribution will come from pre-existing climate finance commitments and the development budget. Should the Government, in the spirit of what the loss and damage fund represents, not establish a new, ringfenced loss and damage budget that is not taken from other budgets?

We did support setting up the loss and damage fund at COP28 and we contributed specifically towards it. However, it is important that loss and damage does not draw from the same donors and the same official development assistance budgets as other development. It has to be different. It was because the UAE, as a non-traditional donor, put in $100 million to that fund that Britain was willing to support it, but we need new and different donors and new and different sources of funds.

I welcome the extremely important work the Government are doing in protecting vulnerable communities around the world. Will the Minister confirm to me that the £3 billion that the Government have committed for saving nature will be used on some of the very vulnerable habitat sites and animals around the world, such as those Environmental Audit Committee saw on a recent visit to Antarctica? Will he particularly think about whales, fur seals and of course the emperor penguin?

I will think about all the mammals my hon. Friend has mentioned. I can assure him that our commitment is to biodiversity and to nature. We recognise the great importance of the work being done in the Antarctic, and indeed the contribution that he makes to that.

I call the shadow Foreign Secretary.

The reason the Government were able to reduce the size of electricity bills for hard-working families was precisely because we are meeting our targets and will meet our international commitments. Britain’s international targets and commitments are enshrined in law as a result of the activities of this House. Internationally we are committed, as the right hon. Gentleman knows and as was set out to the House towards the end of last year, to spending £11.6 billion on ensuring that we meet our climate targets and produce climate finance. I would argue that that figure will be nearer £16 billion by 2026.