G20 Summit

Vicky Ford Excerpts

Monday 11th September 2023 Commons Chamber

[The Prime Minister]

I thank the hon. Lady for her excellent question and join her in saying that we were delighted to agree the African Union’s membership of the G20. She is right to highlight the increasing importance of Africa in global affairs. Over the next decade or so, Africa’s population will double to 2.5 billion people, with 60% of them under the age of 25. Also, Africa contributes just 4% of global emissions but is home to 35 of the 50 countries most at risk from climate change, so it is important that we are engaged and supportive. I can tell her what we are doing. Now that we have left the European Union and are in charge of our trade policy, we have changed our tariff structure so that 98% of goods imported into the UK from Africa will enter tariff-free. We are making sure that our just energy transition partnerships help countries such as South Africa with their transition, mobilising billions of dollars of support. Next year, we will be hosting the Africa investment summit with over 20 different countries, because the UK, as measured by foreign direct investment, is the largest investor in the continent.

[Vicky Ford (Chelmsford) (Con)]

In an ever more dangerous world, having allies and partners is really important, and trust is so important in keeping those allies. I thank my right hon. Friend for the commitment he made on climate change. It was a commitment we gave in Glasgow at COP, and this shows that Britain is a country that keeps its promises. Would he like to share examples of how that money will be spent, how it will make our allies and partners stronger and how that will help to strengthen our own security here in the UK?

[The Prime Minister]

I thank my right hon. Friend for all her work in this area. She is right: it is important that we meet our commitment to £11.6 billion of international climate finance, and this particular investment will ensure that we do that. It was warmly welcomed by partner countries at the G20. She will know that the importance of giving money through this multilateral fund rather than bilaterally is that it can be leveraged multiple times, so every pound that we contribute will be able to be used multiple times more and attract more capital. In that way, we are helping to fund hundreds, if not thousands, of projects across the world and I know that the countries that benefit from them are extremely grateful for our support.