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Climate Finance (Doha Talks)

Volume 552: debated on Thursday 1 November 2012

11. What outcome he will be seeking on climate finance at the UN climate talks in Doha in November 2012. (126049)

At the climate talks in Doha, as part of a balanced outcome, I want to see a collective commitment from developed countries to maintain climate finance at least at Fast Start levels from 2013. We also want work on mobilising sources of finance to continue to reach the goal of jointly mobilising $100 billion a year by 2020. Finally, we will need to endorse the host country for the green climate fund.

That is indeed the goal, yet so far there is no agreement on how the funds will be raised. One option is a carbon price on emissions from international shipping, which, as the Secretary of State pointed out in a recent speech at Chatham House, are not covered by existing agreements. Will he raise the matter at the Doha talks?

I raised it at the pre-COP talks in Seoul. It is a really interesting source of new climate change finance and should be explored alongside other potential revenues. It is absolutely vital that developed countries raise their ambitions in this area. We must show developing countries that we want to support them in this change and that moving to ambitious targets for reducing carbon emissions globally is possible and will not stunt growth. Green growth can go together with economic growth, whether in the developed or developing worlds, and we must support those countries.

Will the Secretary of State explain whether his energy Minister’s disdain for left-wing bourgeois academics signifies any change in the Government’s commitment to climate change science and, therefore, to seeking the necessary funding?

Left-wing bourgeois academics are obviously welcome to contribute to any discussions in this House, because we want to hear from all sides. I must say that climate change scientists are not noted for their political beliefs; they do their work as scientists. They are providing the evidence that the Government, the country and, I hope, the rest of the world will act on. Their scientific results are extremely disturbing. Most recently we have seen what is happening in the Arctic, where the polar ice cap is melting faster than people had previously thought. That is what the scientists are telling us, and we should take it very seriously.