COP 27

Baroness Verma Excerpts

Thursday 27th October 2022 Lords Chamber

[Baroness Neville-Rolfe (Con)]

I understand from my noble friend that we lead the campaign for 30/30.

[Baroness Verma (Con)]

My Lords, I welcome my noble friend’s response to the question of the noble Baroness, Lady Boycott, but I encourage her to have discussions between our Ministers and other Ministers at COP 27 on getting businesses to help the less developed countries be able to respond better by investing in them, and countries helping to support that through business. Will my noble friend comment on that?

[Baroness Neville-Rolfe (Con)]

I am very glad my noble friend raised that, because the Glasgow climate pact emphasised the importance of collaboration across sectors in all parts of society to deliver on climate change, and business plays an important part. I remember from my experience of net-zero plans when I was in business, many years ago. Business can contribute in some of the poorest countries in the world by helping the transition, reducing carbon and being more efficient. There is a real win-win there, and what has been encouraging both at Glasgow and in the prospective agendas for Sharm el-Sheikh is how businesses are stepping up to the plate in this important area.