Green Climate Fund Debate

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Lord Bishop of St Albans

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Green Climate Fund

Lord Bishop of St Albans Excerpts
Monday 27th October 2014

(9 years, 7 months ago)

Lords Chamber
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Asked by
Lord Bishop of St Albans Portrait The Lord Bishop of St Albans
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To ask Her Majesty’s Government what plans they have to pledge funding to the Green Climate Fund.

Baroness Verma Portrait The Parliamentary Under-Secretary of State, Department of Energy and Climate Change (Baroness Verma) (Con)
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My Lords, the UK recognises the importance of a successful initial resource mobilisation process, and is keen for the fund to become operational as soon as possible. We aim to pledge at the initial Green Climate Fund pledging meeting arranged for 19 and 20 November, ahead of the United Nations climate change negotiations at the start of December. We are a strong supporter of the Green Climate Fund, because we see it as a key new vehicle for helping developing countries adapt to climate change and follow low-carbon development paths.

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Lord Bishop of St Albans Portrait The Lord Bishop of St Albans
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I thank the Minister for her reply, and I am grateful for all that the Government are doing in this important area. So far, 10 countries, I think, have pledged contributions to the Green Climate Fund, but despite his warm words recently in New York the Prime Minister was not among those offering to make a pledge. Can we have some information about how much Her Majesty’s Government intend to pledge, and can we know what else we shall put on the table, if we are to have credibility at the discussions in December in Lima?

Baroness Verma Portrait Baroness Verma
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My Lords, the UK is committed to scaling up climate finance, and we have already committed £3.87 billion from our International Climate Fund between 2011 and 2016. The first £1.76 billion of this has already been committed from the International Climate Fund, and is expected to achieve the following lifetime results. However, the right reverend Prelate is right that we need to encourage all member states to come up to the mark and ensure that they are all contributing. This is a very important area. The UK is absolutely committed, and the Prime Minister has made that very clear. He will announce his pledge in November.