Questions & Answers
Q1
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Harpreet Uppal inquired about the adequacy of COP29's agreement, focusing on how measures are being put in place to track progress against COP commitments.
Tackling climate change should matter to all of us because it affects all of us. At COP29, the UK led the way on setting strong climate targets. How is the Minister ensuring that measures are in place to track progress against our COP commitments? How is she working with businesses, local authorities and industry to deliver on those targets and drive investment?
My hon. Friend is right: we earn the credibility that enables us to show international leadership by delivering at home. In due course we will publish a cross-economy plan for meeting our climate targets, which will outline the policies that are needed to meet our 2035 nationally determined contribution, and we are engaging with a range of stakeholders on delivery through, for instance, the Net Zero Council, which has a very busy work programme, and the local net zero delivery group.
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Q2
Partial Answer
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Context
Jim Shannon inquired about the UK’s commitment to international climate finance and its role in meeting the new goal of tripling climate finance from $100 billion to $300 billion a year by 2035.
What assessment has the Minister made of the COP29 commitment to tripling finance for developing countries from the previous goal of $100 billion to $300 billion a year by 2035, and what is the United Kingdom’s contribution to that sum?
It is always a pleasure to answer questions from the hon. Member. We remain committed to international climate finance, and to the new climate finance goal agreed at COP29. The level of the UK’s contribution will be considered in the spending review, when we will also consider how we can maximise investment from the private sector.
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