Oral Answers to Questions

Ruth Edwards Excerpts

Wednesday 14th April 2021 Commons Chamber

[Alok Sharma]

As my right hon. Friend will know, the UK has taken a leading role in climate-related disclosures by implementing a green taxonomy and, very importantly, by making TCFD-aligned disclosures—recommended by the Taskforce on Climate-related Financial Disclosures —mandatory across the economy by 2025. In the conversations that I have with Governments around the world, I am urging other countries to follow a similar approach on financial disclosures. My right hon. Friend talks about asset owners in the financial services sector, and we are also encouraging asset owners and asset managers to make net zero commitments.

[Ruth Edwards (Rushcliffe) (Con)]

What progress the Government have made on raising international ambition to tackle climate change as part of preparations for COP26.

[The COP26 President (Alok Sharma)]

When the UK took on the role of the incoming COP26 presidency, under 30% of the global economy was covered by a net zero commitment. The good news is that that figure has now increased to 70% and of course I am pressing all countries to come forward with net zero commitments. However, as colleagues in this House have acknowledged previously, the United Nations Framework Convention on Climate Change’s initial “NDC Synthesis Report”, published in February, showed that we have much more progress to make on the 2030 emissions reduction target, and I am pressing countries on that as well.

[Ruth Edwards [V]]

The UK is a global leader in protecting the ocean, as shown by the success of its Blue Belt and 30x30 programmes, but as my right hon. Friend will know, only 1% of international waters currently have effective protection. Will he commit the UK to taking the lead in pushing for a strong global oceans treaty at the United Nations, to establish an international framework for protecting marine biodiversity in international waters?

[Alok Sharma]

My hon. Friend raises a vital issue, and she will be pleased to hear that the UK is working hard to see negotiations concluded this year on a new UN convention for the conservation and sustainable use of marine biodiversity in areas beyond national jurisdictions. That will enable the establishment of marine protected areas and help to deliver on the 30x30 target.