Climate Change: Finance

(asked on 19th May 2023) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government what assessment they have made of the Christian Aid report The Loss and Damage Fund: Where does the money come from?, published in March.


This question was answered on 24th May 2023

At COP27, the UK and all parties agreed to establish new funding arrangements for loss and damage, including the setup of a dedicated fund, to assist developing countries that are particularly vulnerable to climate change. It was agreed to establish a Transitional Committee under the United Nations Framework Convention on Climate Change (UNFCCC) to develop the fund and funding arrangements by COP28. The UK subsequently secured one of the twenty-four seats on the Committee. We will consider a range of information, including from civil society, to inform our work with fellow Committee members to develop a fund and wider funding arrangements that deliver for the most vulnerable.

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