Matthew Pennycook
Main Page: Matthew Pennycook (Labour - Greenwich and Woolwich)Department Debates - View all Matthew Pennycook's debates with the Cabinet Office
(2 years, 10 months ago)
Commons ChamberTravelling the world this year in the role that I have the great honour to hold—UK International Champion on Adaptation and Resilience—has, if nothing else, made it clear that the challenges for so many countries are often ones of access to finance. The COP unit and the Foreign, Commonwealth and Development Office have worked tirelessly all year to find better ways to ensure that access to finance, and to ensure that the $100 billion is committed by developed countries so that they have the finance they need to make those sorts of adaptive changes.
Success at COP depends in part on developed countries finally honouring that 2009 $100 billion promise, yet with just 12 days left there remains a staggering £14 billion shortfall and the German-Canadian delivery plan still has not materialised. Will the Minister therefore tell the House whether the Government agree that it is essential that the $100 billion commitment be met before delegates arrive in Glasgow, and whether she concedes that the UK is likely to have to reassess its own contribution in order that it is?
My right hon. Friend the COP President-designate has spent, and continues to spend, an enormous amount of time on ensuring that we can reach that $100 billion figure, which is a clear symbol of intent. He continues to have conversations with the Germans this week, before we get there. This is a key focus for the team and all those who know that it is a terribly important marker to meet, and we want to ensure that it is able to reach those who need it most.