COP29

David Mundell Excerpts

Tuesday 26th November 2024 Commons Chamber

[Ed Miliband]

My hon. Friend asks absolutely the right question. The truth on the finance side is that this represents a significant scaling up at a time when developed and developing countries face extreme pressures on the public finances. There is a significant development whereby the flows to multilateral development banks from large emitters, such as China, will now count towards the overall finance goal. That is a big change and a big step forward.

On the transition away from fossil fuels, the barrier is that some countries are worried about what it means for them—that is totally understandable. Some countries think it will be problematic for their prosperity. The truth is that we will just have to make better efforts with the majority of countries that want to see action prevail at next year’s COP, and that will involve hard yards. Finally, we must have a campaign for—this is something we will work on with Brazil—ambitious NDCs because it is crucial that that is the job of the next COP.

[David Mundell (Dumfriesshire, Clydesdale and Tweeddale) (Con)]

I commend to the Secretary of State “The UK Small Island Developing States Strategy” report, which was produced by the International Development Committee just before Parliament was dissolved for the general election. A key focus of that report is the need to support those island states not just at COP, but all the time by the UK being an advocate for their needs and requirements across the international community.

[Ed Miliband]

The right hon. Gentleman is absolutely right, and he speaks with customary eloquence on the issue. This is literally an existential issue for the small island states. Their testimony at COP was compelling and deeply distressing, and that is why the finance deal is important. It was not everything they wanted, but it is a step forward.