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Climate Finance: Tackling Loss and Damage

05 September 2023

Lead MP

Chris Law
Dundee Central
SNP

Responding Minister

Leo Docherty

Tags

Climate
Word Count: 12687
Other Contributors: 9

At a Glance

Chris Law raised concerns about climate finance: tackling loss and damage in Westminster Hall. A government minister responded.

Key Requests to Government:

The MP asks for assurance that the UK will not delay climate finance commitments due to aid cuts and expects firm commitments from developed countries at COP28 to establish a dedicated loss and damage fund. He requests new and additional funding beyond existing ODA budgets, emphasizing the need for grants rather than loans.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Dundee Central
Opened the debate
The speaker is concerned about the substantial gap between climate finance pledges and actual funding, particularly noting that $100 billion a year for developing countries was promised but not delivered. He emphasises the urgent need for financial support to address loss and damage caused by climate change, highlighting impacts such as displacement in island nations due to rising sea levels and crop failures in east Africa. The speaker also points out that despite Scotland's efforts, the UK Government's decisions could undermine progress on addressing loss and damage.

Government Response

Leo Docherty
Government Response
It is a great pleasure to be here, Mr Betts. I am responding on behalf of the Minister for Development and Africa, my right hon. Friend the Member for Sutton Coldfield (Mr Mitchell). He would have taken this debate, but he is currently in Kenya attending the Africa climate summit, appropriately enough. We are all grateful to the hon. Member for Dundee West (Chris Law) for securing this important debate. I pay tribute to him for his ongoing work on the International Development Committee. We have heard a series of powerful, interesting and passionate speeches this morning, and I am grateful for all of them. As the debate has highlighted, floods, heat, storms and droughts triggered by climate change are increasingly threatening lives, homes and livelihoods. Poor, vulnerable and marginalised communities around the world, and women, girls and disabled people in particular, are disproportionately affected. The loss and damage are immense. Last year's devastating floods in Pakistan claimed 1,700 lives, put a third of the country underwater and left more than 20 million people in need of humanitarian assistance. That is why, at COP27, the UK and international partners agreed to set up a new funding arrangement for loss and damage, including a new dedicated fund. The UK invested £2.4 billion worth of international climate finance between 2016 and 2020 into adaptation, including investments in areas relevant to loss and damage—the subject of this debate. That included about £196 million on financial protection and risk management, £303 million on humanitarian assistance, and £396 million on social protection. The UK is doing what it can to help avert, minimise and address loss and damage from climate change, but given the scale of the challenge, we know we have to be more creative in the ways we support countries to manage the impacts, and that includes developing new financial mechanisms to provide support. An example of this is the Taskforce on Access to Climate Finance, launched by the UK in partnership with Fiji. The taskforce was launched following the UK-hosted climate and development ministerial in 2021. I am pleased to see that there will be a third climate and development ministerial held this year, with the UK, UAE, Vanuatu and Malawi co-hosting an event on how better development and climate actors can work together, which will build on the success of the first two. At COP27, the Prime Minister reaffirmed the UK's £11.6 billion climate finance pledge to vulnerable countries across the world and announced that the UK will triple climate adaptation funding to £1.5 billion in 2025, alongside the £1.5 billion we are investing in protecting the world's forests and £3 billion to protect and restore nature. This funding will help countries as they build their resilience, prevent biodiversity loss and reduce emissions, all of which are vital as we attempt to prevent and address loss and damage. The UK is doing what it can to help avert, minimise and address loss and damage from climate change, but given the scale of the challenge, we know we have to be more creative in the ways we support countries to manage the impacts, and that includes developing new financial mechanisms to provide support. An example of this is the Taskforce on Access to Climate Finance, launched by the UK in partnership with Fiji. The taskforce was launched following the UK-hosted climate and development ministerial in 2021.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.