Climate Financing
Debate between Lord Bishop of Sheffield and Lord Callanan(1 year, 1 month ago)
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Lord Callanan (Con)
The noble Lord is absolutely right. We are world leaders in many technological developments. Offshore wind is one example, floating offshore wind would be another, and a third would be the deployment of solar technology, which could be immensely valuable in many parts of the developing world. We share expertise through the good offices of the Foreign Office as much as we possibly can.
The Lord Bishop of Sheffield
My Lords, it is reassuring to hear that the Government are confident of meeting the commitments made at COP 26 in relation to climate finance for adaptation and mitigation. Are the Government equally confident that commitments made at COP 27 in relation to the loss and damage fund will be not only met but made fully operational?
Lord Callanan (Con)
As far as I know, we are fully committed to meeting those targets. We are very proud of our record and all the progress that we have made, including at least £3 billion on mitigating, protecting and restoring nature. We are on track to meet all our commitments.