United Nations Biodiversity Conference

Baroness Boycott Excerpts

Tuesday 13th April 2021 Lords Chamber

[Lord Goldsmith of Richmond Park (Con) [V]]

That is absolutely right. A big part of our campaign as president of COP is to encourage donor countries to step up with more finance for nature. We are showing leadership ourselves, having doubled our international climate finance to £11.6 billion. We are committing to spend about a third of that on nature-based solutions and we want others to do something similar. Even if we succeed, however, that will not be anything like enough finance for nature; we will need more. That means mobilising private finance on an unprecedented scale and ensuring high-integrity carbon markets; we need a breakthrough around the Article 6 negotiations. Above all, we need to mainstream nature through the way we do business and align, for example, the big multilateral development banks not just with Paris commitments but with nature as well.

[Baroness Boycott (CB)]

The link between agriculture and biodiversity is absolutely clear. What plans do the Government have to take targets to reduce the land use for agriculture to the meeting? Can the Minister tell us his view on the need to cut down the amount of land used for livestock and livestock feed? Currently, humans and the animals that we plan to eat make up 96% of all the animals on Earth, which is not a bio- diverse way forward.

[Lord Goldsmith of Richmond Park (Con) [V]]

This will be an important part of our work in the run-up to COP. The noble Baroness may perhaps consider that the top 50 food-producing nations spend about $700 billion a year subsidising often destructive land use. One of our goals—an important one—is to try to encourage as many countries as possible to shift the way those incentives are used so that they support nature. We are also trying to break the link between commodity production and deforestation—commodity production is responsible for about 80% of the world’s deforestation. We are leading in global dialogues with producer and consumer countries to that end.