Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, if she will publish details of the position of the Climate Finance Delivery Plan as of 21 June 2022; what estimate she has made of when the goal of $100 billion will be reached; through what means that goal will be reached; and what plans the Government has relating to a post-2025 target.

The UK COP Presidency played a pivotal role in securing ambitious new climate finance commitments at COP26 from 95% of developed countries, with some doubling or even quadrupling their previous pledges. At the COP President's request these commitments were compiled in the $100 billion Delivery Plan and supporting analysis from the OECD, launched in Glasgow. This Plan shows with good confidence that the goal will be met by 2023. The UK in our Presidency year continues to champion delivery of these commitments among climate finance providers. At the request of the UK COP Presidency, Canada and Germany will be leading on a progress report to the $100 billion Delivery Plan, with a focus on progress against its 10 actions. It will include further details on how adaptation finance will be scaled up to meet the Glasgow Climate Pact commitment to double adaptation finance by 2025.

As agreed at COP26, Parties have now initiated their deliberations on the new collective quantified goal on climate finance, which will be determined in 2024 and replace the current $100 billion target from 2025 onwards. This will create space for Parties to move beyond the $100 billion and have a serious and inclusive discussion about how the levels of finance to deliver on Paris can be mobilised, ensuring a legacy for the work the UK Presidency has undertaken on both public and private finance for years to come.