Select committee: International Development Committee
Conclusion 57
Second Report - Global Britain in demand: UK climate action and international development around COP26
Published 26 Oct 2021
Addressed to Foreign, Commonwealth & Development Office
International Development Committee Climate change, development and COP26 All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
In their paper on climate finance, Roberts et al state that funding is “insecure”, unpredictable and based on a “fragmented institutional architecture” which low- and middle-income countries cannot influence sufficiently.126 In their words: climate funds are funnelled through over 100 channels, very few of which are controlled in meaningful ways by developing nations […]. These include developed countries’ aid and export promotion agencies, private banks, equity funds and corporations, and lending and granting arms of multilateral institutions like the World Bank and regional banks.127
From: International Development Committee, Second Report - Global Britain in demand: UK climate action and international development around COP26 (HC 99), 26 October 2021
Government response
The government responded to the whole report on 14 January 2022 (deadline 26 December 2021).
Summary written by Accountability Index from the government's response. It is not the government's own words.The government's response to the Committee's report is mostly 'Partially agree', with 'Agree' on two recommendations, while declining the Committee's 31 January 2022 deadline for a locally-led adaptation pathway.
- On locally-led adaptation, it says it "agree[s] that locally led adaptation is critical" but is "not able to agree" to submit a pathway by 31 January 2022, citing the need to work with others, in particular Egypt as incoming COP27 Presidency. It "will report on progress by 31 March".
- On climate finance access, it agrees and says it is working to update the International Climate Finance Strategy and "aim to publish this by April 2022". It is not "proposing a simplification of the criteria for LDCs and SIDS per se", but a streamlined accreditation approach.
- On fossil fuel exemptions, it partially agrees, stating the exemptions are for "a small number of situations" and are "necessary to make this policy work in the real world". BII is developing a carbon budget and "will share this information with the Committee in due course".
- On a Climate and Development Minister, it partially agrees, stating there is "already strong ministerial oversight for this policy area", with Lord Goldsmith holding responsibility for climate and environment.