Climate Change: Developing Countries

(asked on 1st November 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he plans to take to help deliver COP26 climate finance commitments for adaptation for developing countries.


Answered by
Andrew Mitchell Portrait
Andrew Mitchell
Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development)
This question was answered on 9th November 2022

Under the UK's COP Presidency, almost all developed country climate finance providers made new, forward-looking climate finance commitments, with many doubling or even quadrupling support for developing countries to take climate action. The $100 billion Delivery Plan Progress Report reaffirms that the $100 billion goal will be met by developed countries by 2023 latest, with over $500 billion mobilised over the 5-year period 2021-25. We have also made significant progress on adaptation finance, with agreement that developed countries should at least double their finance for adaptation on 2019 levels by 2025. Many providers have set out ambitious adaptation finance commitments, and the Multilateral Development Banks have already exceeded their 2025 adaptation finance target four years early. The UK will continue to champion progress on adaptation finance at COP27 and beyond.

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