(3 years, 6 months ago)
Commons ChamberAs COP hosts, we encourage all countries to make a step change in ambition. The success of COP26 is a top priority for the Government and the FCDO this year. It is prioritised by Ministers and it is prioritised across our diplomatic network.
As the hon. Lady can imagine, this is a very important issue, and I have asked the question internally within the Department and can assure her that we are doubling our international climate finance to £11.6 billion over the next five years and have committed to aligning all official development assistance with the Paris agreement, so actually there is a really positive story to tell.
A recent Cambridge Sustainability Commission on Scaling Behaviour Change report says the world’s wealthiest 1% need to emit 30 times less carbon than they currently do by 2030 if we are to have a fair transition to net zero and, according to the science, save the lives and livelihoods of millions, perhaps billions, of the world’s poorest from the worst effects of the climate emergency. Given the stakes and given the UK’s historical and disproportionate carbon emissions, will the Minister commit to ensuring that not a single penny from the public purse will be used to fund or subsidise the fossil fuel industry, including through development aid?
Certainly everybody, especially those emitting the most, needs to make those reductions. We are no longer investing in fossil fuels. Various organisations clearly have a historical book of fossil fuel investment that can be managed down over time, but we are very exercised to do the right thing as individuals and as Government, and, through COP26, to be leading and ambitious and ask others to be ambitious as well.