Question

To ask the President of COP26, what steps are being taken to ensure that the Government meets the COP26 goal of developed countries doubling their collective provision of climate finance for adaptation to developing countries by 2025.

Under the UK’s Presidency, 95% of the largest developed country climate finance providers made new, forward-looking commitments, delivering significant progress towards the $100 billion goal, which will be reached by 2023 at the latest.

Record amounts of adaptation finance were pledged at COP26, both to the Adaptation Fund and the Least Developed Countries Fund, and the doubling of adaptation finance is the first time an adaptation-specific financing goal has ever been agreed globally.

We are working with developed countries and multilateral development banks (MDBs), including through the Champions Group on Adaptation Finance launched at the UN General Assembly in 2021 on the scaling-up of adaptation finance to meet the collective doubling by 2025.