Sir Alok Sharma secures confirmation on the Government’s commitment to £11.6 billion of international climate finance up to March 2026 and calls on the Government to set out the annual projections for ICF spending over the next three years with a breakdown between mitigation and adaptation finance.
Sir Alok Sharma (Reading West) (Con)
Can the Foreign Secretary confirm that the Government remain fully committed to deploying £11.6 billion of international climate finance up to March 2026? Will he also commit to setting out the annual projections for ICF spending over the next three years and, if possible, a breakdown between mitigation and adaptation finance?
The Minister of State, Foreign, Commonwealth and Development Office (Mr Andrew Mitchell)
My right hon. Friend knows a great deal about this subject, and has done an enormous amount. The Prime Minister announced at COP that Britain would stand by the commitment to spend £11,600 million on climate finance through the ICF, and yesterday there was a cross-Whitehall meeting with Ministers involved in the programme to discuss how that would be done. I will try to establish how much we can put into the public domain about those plans, as my right hon. Friend suggests, but I should emphasise that the pipeline of high-quality eligible projects is extremely important.