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Climate Change: Finance

Question for Foreign, Commonwealth and Development Office

UIN 166365, tabled on 15 March 2023

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking to encourage his international counterparts to provide additional finance for climate-induced loss and damage, above that of previous climate finance commitments.

Answered on

20 March 2023

At COP27, the UK and all parties agreed to establish new funding arrangements for responding to loss and damage. It was agreed to establish a Transitional Committee (TC) under the United Nations Framework Convention on Climate Change (UNFCCC) to develop recommendations on the new arrangements and the UK is actively engaged with this process as a TC member. We will be encouraging all members of the TC and other parties to the UNFCCC to consider how new and additional resources, including sources and funds from outside traditional donors, can be delivered to support vulnerable countries in the future.

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