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Energy and Climate Update
25 November 2022
Type
Written Ministerial Statement
Department
Department for Business, Energy and Industrial Strategy
At a Glance
Issue Summary
The statement discusses progress made at COP27 and the UK's objectives for climate action.
Action Requested
The Prime Minister pledged to speed up the transition to renewables, create new high-wage jobs, protect energy security, and deliver on net zero. The UK also committed £11.6 billion in international climate finance, including tripling funding for climate adaptation to £1.5bn by 2025.
Key Facts
- COP27 concluded with progress on loss and damage and established new funding arrangements.
- The UK pledged over £100 million to support developing economies responding to climate-related disasters.
- The Government has committed to supporting other countries in their transitions through Just Energy Transition Partnerships (JETPs).
- Alok Sharma led the COP Presidency for two and a half years.
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Assessment & feedback
Summary accuracy