Oral Answers to Questions Debate
Full Debate: Read Full DebateHelen Hayes
Main Page: Helen Hayes (Labour - Dulwich and West Norwood)Department Debates - View all Helen Hayes's debates with the Foreign, Commonwealth & Development Office
(2 years, 2 months ago)
Commons ChamberAlthough I cannot comment on specific cases, I point out that measures have been taken against 1,100 individuals, including 123 oligarchs and their family members with a global net worth of £130 billion, more than 120 entities and all the subsidiaries owned by them; and against 19 Russian banks with global assets of about £940 billion—more than 80% of the Russian banking sector. In addition, acting in conjunction with partners, over 60% of Russia’s central bank’s foreign reserves have been frozen. That demonstrates our commitment to do everything we can, applying our criteria set by this Parliament, to bring these people to account.
The catastrophic floods in Pakistan and appalling droughts across the horn of Africa are just two examples of where a destabilising climate is threatening the lives and livelihoods of tens of millions of people. In this context, the COP26 President, my right hon. Friend the Member for Reading West (Alok Sharma), Whitehall teams and our diplomatic network are working with Egypt as COP27 host, and with partners across the global south, to accelerate global climate action ahead of COP27.
The Minister references the deadly drought in the horn of Africa and the catastrophic floods in Pakistan, which clearly show the reality and urgency of the climate emergency. Last November, at COP26, developing countries across the global south were promised further discussions on loss and damage climate compensation. In the context that she has described this morning, why was the UK backtracking on the promises made at COP26 in the Bonn talks this summer? What message does she think that failure of leadership sends to our allies and partners in the global south?
At COP26 in Glasgow, we led a global commitment that kept 1.5° alive, and it is vital that countries across the world hold up the promises that they made there. We in the UK, and Ministers from across this Government, always raise climate change on every single diplomatic visit. I do not accept the premise that we are backtracking: just before recess, I went to South Africa to work on the just energy transition partnership, which is the landmark deal for the entire world in helping developing countries. We are leading that work and we are focused on that as a priority. As regards the work on the $100 billion delivery partner, our friends in Germany and Canada are also helping to lead that work, including on how to scale up on adaptation. It is a priority and we will continue to lead.