17:00 The Secretary of State for Environment, Food and Rural Affairs (Dr Thérèse Coffey)

For too long, nature has been overlooked as the Cinderella of the story, but flora and fauna are important in and of themselves. Nature is both the essential foundation and a powerful engine of our economy, and helping nature to recover is one of the most cost-effective ways of tackling so many challenges, including the causes and impacts of climate change, thirst, hunger and ill health. and of bolstering peace and prosperity.

Early this morning, the world came together to secure the strong, ambitious global framework we need to catalyse a decade of environmental action. The framework is on the scale of the Paris agreement, as required, and puts nature firmly on the map. The agreement includes global targets to protect at least 30% of the world’s land and at least 30% of the global ocean by 2030, and to see natural systems restored, species populations recovering and extinctions halted. It includes reporting and review mechanisms that will hold us all to account for making timely progress on bringing our promises to life, and commitments on digital sequence information to make sure communities in nature-rich countries feel the benefit of sharing the solutions that we know their flora and fauna can provide.

[Source]

17:04 Alex Sobel (Labour)

However, I say to the hon. Gentleman that we already have established funding, with the nature for climate fund, and through the blue planet fund we have already undertaken a number of investments that will improve nature, not only in this country, but around the world. I am particularly thinking of Commonwealth countries, but this also applies to overseas territories and the south, to which he refers. That is why the importance of the £30 billion funding that will go in was discussed back and forth, and the UK was very happy to make sure that it got delivered. We recognise the need to ensure significant investment all around the world and that value is attributed to nature as much as it is to climate, if not even more so. Candidly, we can do as much as we like on tackling climate change, but if we do not preserve and restore nature, it will effectively be for nought. That is why we have put so much work into doing this. It is why, at COP27 in Egypt, our Prime Minister set out the importance of restoring nature, saying that it was critical in terms of tackling climate change. The hon. Gentleman may be aware of our environmental land management scheme. We have started the first phase of the sustainable farming incentive, and we will be announcing more early in the new year as we make the transition from the traditional European funding, which is effectively area-based—on how much land people owned—to farmers being paid for certain goods in order to improve the environment and reduce carbon emissions.

I agree entirely with my hon. Friend. That is why it was important that when the Prime Minister went to Sharm el-Sheikh for COP27, building on our COP26 presidency where we included nature as a full day of the climate change conference, he referred specifically to the fact that £3 billion of the £11 billion total climate financing will be dedicated to nature. He recognises how critical it is, and we will continue to endeavour to improve the natural environment not only in this country, but around the world.

Addressing biodiversity loss is an essential part of addressing climate change, but as with climate change, we see no sense of urgency or leadership in action from this Government. Does the Secretary of State accept that her Department’s failure to set targets for water quality or habitat protections in England undermined talks at COP15? She calls nature the “Cinderella of the story”, but Cinderella was never forced by the ugly sisters to swim in sewage. That achievement belongs to this Government.

We have actually increased the amount of official development assistance going to environmental and climate change projects. I am excited about that. We will continue to see more money coming in from around the world, including from the private sector and philanthropic donors, to help achieve these ambitious aims. I am excited about the future decade.

[Source]