Source · Select Committees · Environmental Audit Committee
Recommendation 33
33
Paragraph: 118
Mobilisation of promised funding critical as past nature and climate finance remains unfulfilled.
Conclusion
It is encouraging to see the commitments made at COP26, COP27 and COP28 on deforestation which were accompanied by major funding commitments. Past commitments to mobilise finance for climate adaptation have not yet been fulfilled and commitments to restore nature remain relatively underfunded. In order to meet the commitments of the Glasgow Leaders’ Declaration on Forests and Land Use and the goals of the Global Biodiversity Framework by 2023, mobilising the promised funding is critical.
Paragraph Reference:
118
Government Response
A response document is linked to this report, dated 26 March 2024. Response attribution to this conclusion has not been verified. Read the response document ↗