Apr. 19 2024
Source Page: Proposals for the design of the future entity for UK Open BankingFound: This is commonly referred to as open finance.
Apr. 19 2024
Source Page: G7 foreign ministers' statement in Italy, April 2024Found: We call upon Multilateral Development Banks and development finance institutions to continue to play
Report Apr. 19 2024
Committee: Statutory Instruments (Joint Committee)Found: the Conservation of Atlantic Tunas) (Amendment) (No. 2) Regulations 2024 Draft Combined Authorities (Finance
Apr. 19 2024
Source Page: Heads of G7 Export Credit Agencies - 2024 meeting statementFound: investments and confirm that now, a variety of roles are expected, including promoting inclusive and sustainable
Apr. 19 2024
Source Page: Convention of the Highlands and Islands minutes: March 2024Found: It need finance. It needs that kind of initiative to be able to support it.
Mentions:
1: Lord Berkeley (Lab - Life peer) A big issue that we are facing at the moment is the lack of finance for local authorities, and that is - Speech Link
2: Baroness Bennett of Manor Castle (Green - Life peer) issues of water scarcity—to pick up what the noble Lord, Lord Berkeley, said—and that there is not sustainable - Speech Link
3: Baroness Swinburne (Con - Life peer) authorities in substantive catchments.Indeed, the funding is already delivering an impact, enabling sustainable - Speech Link
Mentions:
1: Thérèse Coffey (Con - Suffolk Coastal) are not necessarily safe either for the animals or for humans, so it is important that new sources of finance - Speech Link
2: Danny Kruger (Con - Devizes) argument that to raise the capital that is needed for long-term investment on the site, the investors who finance - Speech Link
3: Ben Everitt (Con - Milton Keynes North) If we succeed in this attempt to allow it to extend its lease and bring in finance to secure its physical - Speech Link
4: Julia Lopez (Con - Hornchurch and Upminster) aquarium, insect house and children’s zoo—work is ongoing to reimagine those spaces in innovative and sustainable - Speech Link
Government Response Apr. 19 2024
Committee: Environment and Climate Change CommitteeFound: However, its fixed grant approach hinders the development of a sustainable commercial roll -out.
Asked by: Kerry McCarthy (Labour - Bristol East)
Question to the Department for Environment, Food and Rural Affairs:
To ask the Secretary of State for Environment, Food and Rural Affairs, what steps his Department is taking to support private investment in ocean recovery.
Answered by Rebecca Pow - Parliamentary Under-Secretary (Department for Environment, Food and Rural Affairs)
Ocean conservation and the protection of marine biodiversity is a global challenge and one that is critically underfunded. Through the UK’s £500m UK aid Blue Planet Fund and in line with the 10 Point Plan for Financing Biodiversity and the International Development White Paper, we are supporting innovative projects that aim to attract and scale up private investment in ocean recovery. These initiatives include restoration and protection of blue carbon habitats and increasing coastal community resilience, funded through programmes led by the Ocean Risk and Resilience Action Alliance (£13.9m), the World Bank’s sustainable blue economies programme- PROBLUE (£37.5m), and the Global Fund for Coral Reefs (£33m), amongst others. In June 2023, Lord Benyon hosted a joint UK-GFCR Investors Roundtable event, which showcased the GFCR as a viable investment opportunity and supported investor mobilisation for the GFCR Investment fund. At 28th Conference of the Parties of the UNFCCC (COP28), the GFCR Coalition announced the mobilisation of more than $200 million USD as an initial direct investment toward the newly established 2030 Coral Reef Breakthrough targets, these include mobilising $12bn for corals and protecting 125,000 km2 of corals (50% of ~250,000km2 global total) by 2030.
As set out in Mobilising Green Investment: 2023 Green Finance Strategy, we are also taking action to meet our target to raise £1bn in private finance into nature’s recovery in England every year by 2030, both on land and at sea.
Apr. 18 2024
Source Page: The Smart Data Roadmap: action the government is taking in 2024 to 2025Found: products and services – acknowledging that the ecosystem needs to scale and become more economically sustainable