Climate Change: Finance
The question
To ask the Chancellor of the Exchequer, whether funding for climate adaptation will be included in the spending review.
Answered by Darren Jones
The Government recognises that preparing for the future means adapting to the effects of climate change. Without action, flooding, coastal erosion and other climate hazards will pose greater risks to lives, livelihoods and people’s wellbeing.
As set out in the Autumn Budget, the Government is investing in climate adaptation to protect the economy from the impacts of climate change, confirming investment of £2.4 billion over two years to support flood resilience and over £400 million for tree planting and peatland restoration, which will contribute to resilience.
The allocation of funding beyond 2025-26 will be confirmed through Phase 2 of the Spending Review in June.
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