Biodiversity: Dasgupta Review

Baroness Miller of Chilthorne Domer Excerpts

Thursday 4th February 2021 Lords Chamber

[Baroness Penn (Con)]

My Lords, the Government set out our green finance strategy in 2019. It contained a host of measures that we are going to take on green finance, including climate-related financial disclosure and green-proofing our ODA spend. I will come back to the noble Baroness on how that relates to the national infrastructure bank.

[Baroness Miller of Chilthorne Domer (LD) [V]]

My Lords, this excellent report makes the point that conservation is much more important to biodiversity than restoring land that has been degraded. In the light of that, what will the Government do about the destruction of ancient woodlands along the path of HS2? Will the Minister also comment on whether now, in the face of this report, they will restore the ODA spending for those countries that cannot afford conservation, particularly in sub-Saharan Africa?

[Baroness Penn (Con)]

My Lords, our commitment on international funding for climate-related projects and specifically for nature-based solutions is unprecedented. I believe that we have committed £15 billion over the next spending period to help those countries in the developing world ensure that they have nature-based solutions to climate change.