Source · Select Committees · International Development Committee
Fourth Report - The UK Small Island Developing States Strategy
International Development Committee
HC 476
Published 1 May 2024
Recommendations
14
Rejected
Pledge new and additional funding to the UNFCCC's Loss and Damage Fund.
Recommendation
The UK Government should pledge new and additional funding to the Loss and Damage Fund. (Paragraph 45) Legal implications of sea level rise
Government Response Summary
The government disagrees with pledging new and additional funding now, stating it already pledged £40 million to the Loss and Damage Fund at COP28 from its existing £11.6 billion climate finance commitment, and will only consider further contributions once the Fund's operating model is established.
Conclusions (1)
13
Conclusion
Rejected
Para 45
The Committee welcomes the Government’s £60 million pledge to the UNFCCC’s Loss and Damage Fund, but is disappointed that this is drawn from previously announced commitments. The Committee understands the Minister’s contention that wider funding streams are needed, but until these are agreed upon, it befalls to donors such as …
Government Response Summary
The government disagrees with the committee's disappointment, stating it used existing ICF funds for an early pledge to the Loss and Damage Fund to demonstrate commitment and will consider further contributions only once the fund's operating model is established.