(3 years, 4 months ago)
Commons ChamberMy hon. Friend is absolutely right: tackling climate change and biodiversity loss will require a global effort. We are asking all countries to agree ambitious nationally determined contributions that align with net zero and to invest in policies that will phase out coal, which will turn these targets into a reality. We have already made great progress, as has been seen by last month’s first ever net zero G7, which I believe he part-hosted.
We have already heard this morning about emissions from China. Following up on the point from my hon. Friend the Member for St Austell and Newquay (Steve Double), I should say that China generates 60% of its electricity from coal, which compares with a figure of just 2% in the UK. As well as being a major contributor to global climate change, that gives Chinese manufacturers a competitive advantage, because it makes their energy costs lower. What discussions have been held with the Chinese authorities to encourage them to speed up their transition to carbon free sources of energy?
The Foreign Secretary raised this issue with Wang Yi, and at the US climate leaders’ summit President Xi made the commitment that China would reduce its coal use. That is a positive sign, but more information is needed, so we look forward to hearing more about how China will strictly control and then reduce coal consumption, to make sure that its commitments are Paris-compatible.
(4 years, 5 months ago)
Commons ChamberThe hon. Lady is right that suspension on its own is not an adequate response, but it was the right response to make immediately. She mentions the private sector. The Institute of International Finance is already working with the 450 main private sector lenders and put in place the terms of reference 10 days ago. The private sector, far from being abusive, can join that debt suspension. There will be a case potentially for extending that period and extending relief more generally, and we will continue our discussions with Her Majesty’s Treasury on that. Ultimately, for some countries, cancellation may be an option, but we have to remember that 50% of countries were struggling even before covid.
I was delighted that the chair of the African Union Commission, Moussa Faki, was able to join and speak at the Gavi summit. This week, I would have spoken to all eight AU commissioners. Under our strategic partnership with the AU, we are revising our joint plan to work on covid-19 implications and intend to hold a virtual high-level dialogue later this month. I also speak to member states of the AU more directly.
The pandemic has shown us the vulnerability of not only the health systems in African countries, but their economies. The African Union has warned that nearly 20 million jobs may be lost. Has the Minister seen the excellent work of the African Development Bank as it focuses on the recovery and, in particular, focuses on the private sector as the key to employment and prosperity?
I thank my hon. Friend for that question. He clearly shares my concern that this is an economic crisis as well as a humanitarian and health crisis. The private sector and the African Development Bank play a critical role alongside supply chains, but particularly the ADB in relation to protecting livelihoods. I look forward to working as an alternate governor to the Secretary of State for that great organisation in Abidjan.