Question

To ask the President of COP26, what progress he is making with international partners to (a) ensure that local and international supply chains for foodstuffs and key commodities are environmentally responsible, and (b) increase the alignment of financial flows with net-zero and the Paris Agreement objectives.

As part of the COP26 nature campaign, the UK Government has established the Forests, Agriculture and Commodity Trade (FACT) dialogues to bring together producer and consumer countries to agree collaborative actions which reduce the impact of commodity supply chains on forests and other critical ecosystems.

Increasing the alignment of finance with net zero targets and the Paris Climate Agreement is a core part of our COP26 strategy. I have been engaging with a wide range of international partners to seek increased climate finance commitments from donor countries to meet the critical $100bn goal. We have published our priorities for public finance. Mark Carney is implementing a framework for embedding climate into every financial decision and creating a more sustainable financial system to support the path to net zero. We have seen significant progress so far across financial institutions, central banks, regulators and Multilateral Development Banks.