Question

To ask the President of COP26, what steps he is taking to help ensure that developed nations meet the commitment to create a $100 billion annual fund for lower income countries to tackle climate change.

COP26 needs to deliver for all countries, including the most climate vulnerable. This is why developed countries’ commitment to jointly mobilise $100 billion of climate finance a year is critically important; it helps developing countries raise their climate ambition and supports their transition.

Through the UK’s COP26 and G7 Presidencies, we have been pushing developed countries to meet existing commitments and come forward with ambitious post-2020 climate finance pledges, to achieve the $100 billion a year goal. We have seen progress. I have asked Germany and Canada to lead on the development of a Delivery Plan which sets out how donor countries will meet the goal; the intention is for this to be published ahead of the COP. I urge countries which have yet to commit, or who are looking to increase their existing commitments, to do so now.