Climate Change: Taxation
The question
To ask the Chancellor of the Exchequer, what discussions she has had with the Secretary of State for Foreign, Commonwealth and Development Affairs on the use of international taxation measures to support global climate adaptation programmes.
Answered by Dan Tomlinson
The Chancellor has regular discussions with the Secretary of State for Foreign, Commonwealth and Development Affairs on a range of topics
The Government is committed to helping deliver global climate finance, including responding to the wider call on all actors to increase climate finance to developing countries to USD 1.3trn per year and the New Collective Quantified Goal agreed at COP29 of at least $300bn per year to developing countries by 2035
As part of that effort, we are pressing for faster and more ambitious reforms to the global financial system to deliver much more and higher quality climate and development finance. Alongside this, we are supportive of exploring revenue raising mechanisms for climate action.
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