Tropical Forest Forever Facility Debate
Full Debate: Read Full DebateBaroness Sheehan
Main Page: Baroness Sheehan (Liberal Democrat - Life peer)Department Debates - View all Baroness Sheehan's debates with the Department for Energy Security & Net Zero
(1 day, 8 hours ago)
Lords ChamberTo ask His Majesty’s Government what contributions and initiatives they have undertaken in support of the Tropical Forest Forever Facility.
My Lords, the UK has had a long-standing role in protecting forests and supporting efforts to halt and reverse deforestation. While the Government did not announce an investment in the Tropical Forest Forever Facility at COP, we very much remain supportive of the TFFF and are proud to have substantially assisted Brazil to develop the initiative. We will continue to provide support to the TFFF, including through co-funding the World Bank trust fund that will operationalise the facility and through the AIM4Forests programme, which will provide critical technical assistance to support delivery of the TFFF.
My Lords, I welcome the Minister to his new role. It is deeply disappointing that the Government have let down historic allies such as Brazil, Norway and Germany by not investing in the Tropical Forest Forever Facility at COP 30. It is a desperately needed initiative to end tropical deforestation, and it has cross-party and public support. I have two questions for the Minister. First, why will the Treasury not count investment in the TFFF as an asset on its public balance sheet? Secondly, when will the Government implement the long-overdue Schedule 17 due diligence provisions under the Environment Act?