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Business, Energy and Industrial Strategy

Volume 664: debated on Monday 30 September 2019

International Climate Action

The following is an extract from questions on the statement on International Climate Action made on 26 September 2019.

Does the Secretary of State agree that the climate emergency demands that we reform the whole financial system, to decarbonise capitalism and green the City? If so, why are the Government taking three years to implement the mandatory disclosure of climate-related financial risks, when it could be brought in within one year?

The right hon. Gentleman will be aware that just this weekend the Prime Minister doubled our international climate finance contribution, from £5.8 billion to £11.2 billion, for 2021 to 2025. That demonstrates our commitment to providing support for those in developing countries.

[Official Report, 26 September 2019, Vol. 664, c. 909.]

Letter of correction from the Secretary of State for Business, Energy and Industrial Strategy (Andrea Leadsom).

An error has been identified in my response to a question on my statement on International Climate Action.

The correct response should have been:

The right hon. Gentleman will be aware that just this weekend the Prime Minister doubled our international climate finance contribution, from £5.8 billion to £11.6 billion, for 2021 to 2025. That demonstrates our commitment to providing support for those in developing countries.