Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to the resolution agreed at COP27 to establish a loss and damage fund to assist countries that are more affected by climate change, if he will have discussions with the Chancellor of the Exchequer on the potential merits of a tax on companies with higher carbon emissions to help fund the UK's contribution to the loss and damage fund.

The UK is committed to making progress on a loss and damage fund that supports those particularly vulnerable to the adverse effects of climate change. Maximising support to this end is critical. The UK believes this requires the fund to have a wide contributor base and be open to a range of sources of finance, including public, private, and innovative. As noted at the third Loss and Damage Transitional Committee meeting (29 Aug - 1 Sep), the UK is open to considering new ideas for innovative finance options.