Context
The question arises from the need for climate adaptation support in countries facing extreme weather impacts, with a specific focus on the loss and damage fund established at COP28.
Question
What steps his Department is taking to support developing countries with climate change adaptation. Extreme weather is already causing huge devastation, especially in the poorest communities across the world, who are also the least likely to find investors or to borrow from global financial institutions. At COP28 there was a breakthrough, and a loss and damage fund has finally been established. However, the money for the UK's contribution will come from pre-existing climate finance commitments and the development budget. Should the Government, in the spirit of what the loss and damage fund represents, not establish a new, ringfenced loss and damage budget that is not taken from other budgets?
Answer from Andrew Mitchell
We did support setting up the loss and damage fund at COP28 and we contributed specifically towards it. However, it is important that loss and damage does not draw from the same donors and the same official development assistance budgets as other development. It was because the UAE, as a non-traditional donor, put in $100 million to that fund that Britain was willing to support it, but we need new and different donors and new and different sources of funds.
Not addressed: The specific ask for establishing a ringfenced loss and damage budget separate from existing budgets is not directly addressed with concrete commitments.
How: Did Support Setting Up The Fund, Need New And Different Donors
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