(2 years, 2 months ago)
Lords ChamberThe noble Lord has a long track record on these issues and I appreciate the very regular updates I get from him, all of which I transfer to my colleague in the other place in whose portfolio this sits. I know it is appreciated there as well. Millions of people in Ethiopia have been lifted out of poverty in recent years; it was a development success story. We all remember the horrors that created much of what we now regard to be the aid movement, but those gains that we saw are massively at risk today. The reality is that millions upon millions of people are now facing a return to base poverty—actual starvation —so this is of course a priority for us. We are working with all the international bodies that have a role to play, whether that is in preventing sexual violence or alleviating the immediate threats of starvation, and we are working through all the UN agencies. We are and remain an international development leader in Africa, notwithstanding the pressures on the ODA budget in the UK, and Africa will remain a priority for us.
My Lords, would the Minister look again at the situation in the Horn of Africa? There is instability in northern Ethiopia, Sudan and Somalia, yet Somaliland, which is not recognised as a country—the British Government will still not look at recognising its Government—is after all the only stable place in that region.
The noble Lord makes such an important point. I am tempted to depart from the current line to take on Somaliland, but I will simply say that it is one of the most extraordinary success stories. It is a plucky country and a place that has defied all the odds. It is one of the only countries in the world that has almost eliminated electoral fraud through the use of iris technology. It is a country where, following a democratic election, candidates shake hands and power is transferred peacefully. It is an area in one of the most troubled regions on earth which has managed to rid itself of the problems of al-Shabaab, which were mentioned in a previous question. I cannot think of another country that has succeeded or flourished more against all the odds. In my view, it is a country that we should be supporting, and we should ramp up our support in the months and years to come.
(3 years, 5 months ago)
Lords ChamberAt the G7 just a few days ago, we were able under UK leadership to secure commitments around phasing out fossil fuel subsidies internationally. We also secured commitments from some members of the G7, as well as countries not part of the G7, that we will use our collective leverage to ensure that the multilateral development institutions align their policies and portfolios not only with Paris but with nature. We know that there is not enough public money in the world to deliver the solutions we need for either climate or nature, so we need private finance and we need the multilateral institutions to step up much more than they have so far.
My Lords, does the Minister agree that, after setting carbon targets and the road map, the next most important policy area is finance and, in particular, the development of green finance in all its different forms? This must be part of the investment criteria for government and business; unless it is achieved, those targets will not be met.
The noble Lord is right. Of course, developed countries need to make good on their promise to mobilise at least $100 billion in public finance to tackle climate change and a big chunk of that needs to be spent on nature-based solutions, but we need international financial institutions to play a part as well. We need to unleash trillions in addition to that in private sector finance. As part of this, we are doing what we can to complete negotiations successfully around Article 6, which would pave the way to functioning, high-integrity carbon markets as just one solution. Finally, Governments need to shift the subsidies, which dwarf anything that is available via aid agencies, and ensure that instead of funding destruction, as most of them currently do, they fund renewal and sustainability.