Climate Change: Finance

(asked on 3rd May 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he will take to ensure that funding provided to the Loss and Damage Finance Facility is additional to existing climate finance commitments.


Answered by
Anne-Marie Trevelyan Portrait
Anne-Marie Trevelyan
This question was answered on 15th May 2023

At COP27, the UK and all parties agreed to establish new funding arrangements for loss and damage, including the setup of a dedicated fund, to assist developing countries that are particularly vulnerable to the adverse effects of climate change. It was agreed to establish a Transitional Committee (TC) under the United Nations Framework Convention on Climate Change (UNFCCC) to develop the fund and funding arrangements by COP28. The UK is one of the twenty-four members of the TC and has actively engaged with its work, attending the first formal meeting in Egypt in March and associated workshops. We are committed to making a positive contribution to the aims and objectives of the Committee in the run up to COP28.

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