Question to the Department for Environment, Food and Rural Affairs:

To ask the Secretary of State for Environment, Food and Rural Affairs, what fiscal steps his Department is taking to meet the targets set out in the Kunming-Montreal Global Biodiversity Framework.

The package agreed at COP15, including the Kunming Montreal Global Biodiversity Framework, represents a historic step forward towards addressing the biodiversity crisis. The key is now to fully implement this ambitious framework globally. The framework was agreed alongside a package of international nature finance to support its implementation and put us on the path to nature recovery. The UK has committed to spending at least £3 billion of International Climate Finance to protect and restore nature and biodiversity by 2025/26 and is supporting the development of the new Global Biodiversity Framework Fund agreed at COP15 to launch in 2023.

Domestically we are also committed to fiscal support on target delivery. This includes over £750 million for woodland and peatland restoration through the Nature for Climate Fund, current and future agri-environmental schemes, and other support to help restore and create a range of habitat types and reduce key drivers of biodiversity loss. A new multi-million Species Survival Fund was announced within our Environmental Improvement Plan which will support the creation and restoration of wildlife-rich habitats including on protected sites, and will be launched soon. We have also set an ambitious target to raise at least £500 million in private finance for nature’s recovery every year by 2027, rising to more than £1 billion a year by 2030.