Climate Change: Finance
The question
To ask the Secretary of State for Energy Security and Net Zero, what steps the Government is taking to support negotiations to agree an ambitious New Collective Quantified Goal on Climate Finance at COP29.
Answered by Kerry McCarthy
Delivering an ambitious outcome on the New Collective Quantified Goal (NCQG) is critical to ensure we can deliver towards the ambition of the Paris Agreement. The UK is committed to working together with all Parties to agree a new climate finance goal that supports the most vulnerable, encourages finance to increase from all sources and accelerates the necessary reforms of the global financial architecture. In line with this, the UK is actively engaging internationally at both Ministerial and Official levels with developed and developing countries to achieve an outcome which meets these critical objectives.
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