Question
To ask the Secretary of State for Energy and Climate Change, what resources were committed by the UK at the COP21 climate conference in Paris to help developing countries pay for repairing damage from extreme weather events caused by climate change.
The Paris Agreement recognises the importance of averting, minimising and addressing loss and damage associated with the adverse effects of climate change, including extreme weather events and slow onset events, and the role of sustainable development in reducing the risk of loss and damage. The UK is already taking action to support insurance mechanisms that provide financial support in the event of an extreme weather event. For example, we support the G7 initiative that aims to increase by up to 400 million the number of people in the most vulnerable developing countries who have access to direct or indirect insurance coverage against the negative impact of climate change related hazards by 2020.The UK contribution to these rapid actions includes support for (i) the Africa Risk Capacity initiative and (ii) the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI). Other UK-supported actions are contributing to the G7 Initiative’s overall aims.
Her Majesty’s Government maintains the capacity to respond to humanitarian emergencies wherever they occur in the world.