Business, Energy and Industrial Strategy
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Sir Edward Davey (Kingston and Surbiton) (LD)
Does the Secretary of State agree that the climate emergency demands that we reform the whole financial system, to decarbonise capitalism and green the City? If so, why are the Government taking three years to implement the mandatory disclosure of climate-related financial risks, when it could be brought in within one year?
Andrea Leadsom
The right hon. Gentleman will be aware that just this weekend the Prime Minister doubled our international climate finance contribution, from £5.8 billion to £11.2 billion, for 2021 to 2025. That demonstrates our commitment to providing support for those in developing countries.
[Official Report, 26 September 2019, Vol. 664, c. 909.]
Letter of correction from the Secretary of State for Business, Energy and Industrial Strategy (Andrea Leadsom).
An error has been identified in my response to a question on my statement on International Climate Action.
The correct response should have been:
Andrea Leadsom
The right hon. Gentleman will be aware that just this weekend the Prime Minister doubled our international climate finance contribution, from £5.8 billion to £11.6 billion, for 2021 to 2025. That demonstrates our commitment to providing support for those in developing countries.