Source · Select Committees · Environmental Audit Committee
Recommendation 28
28
Accepted
Paragraph: 133
The global biodiversity funding gap is huge.
Conclusion
The global biodiversity funding gap is huge. It cannot be tackled with contributions from the Global Environment Facility alone. A dedicated financial mechanism for biodiversity action, as has already been set out and agreed by Parties under the CBD, is essential. We welcome the UK’s commitment to spend £3 billion of its International Climate Finance allocation to support nature-based solutions to climate change.
Government response summary AI-generated
The government reiterates the Prime Minister's 2021 commitment to spend at least £3 billion of International Climate Finance over five years on nature-based climate solutions and states it will continue to develop its approach to implementing CBD commitments.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
133
Government Response
Accepted
HM Government · verbatim extract
Accepted
In recognition of this, in 2021 the Prime Minister committed to spending at least £3 billion of the UK’s International Climate Finance (ICF) over the following five years on climate change solutions that protect and restore nature and biodiversity. Part 2 of COP15 is scheduled to take place from 25 April to 9 May 2022 and the UK will continue to develop our approach to implementing our CBD commitments and updating our plans and strategies, include actions across Government.
Read the full response on Parliament ↗