Oral Answers to Questions

Debate between Florence Eshalomi and Kerry McCarthy

Tuesday 10th June 2025 Commons Chamber

[Florence Eshalomi (Vauxhall and Camberwell Green) (Lab/Co-op)]

T6.    Happy Labubu birthday, Mr Speaker! Our most climate-friendly nations require investment to adapt to the effects of climate change, but sadly a number of them are facing a debt crisis and are spending a lot of money on paying sky-high interest rates to lenders. Given that 90% of the debt contracts are governed by English law, will the Government ensure that private lenders take part in debt relief schemes in order to tackle the climate emergency effectively?

[The Parliamentary Under-Secretary of State for Energy Security and Net Zero (Kerry McCarthy)]

This is the subject of ongoing discussions between our Department and, in particular, the Foreign, Commonwealth and Development Office: we want to ensure that we are not giving with one hand and taking away with the other. That is part of the remodelling that will enable us to supply international climate finance to the people who need it most.