Caroline Lucas (Brighton, Pavilion) (Green)

Climate finance will be critical at the ongoing climate summit at Cancun. Although I welcome the fact that the Government have pledged £2.9 billion to the global climate fund, will the Prime Minister confirm that any future money pledge will be additional to existing aid budgets, and can he say what further innovative funding mechanisms he plans to employ to deliver the UK’s share of the annual $100 billion pledged at Copenhagen?

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The Prime Minister

The hon. Lady is absolutely right to raise that. Although Cancun will not achieve the binding global agreement that we want, it can make important steps towards that, so we can stay on track. On climate finance, first, we will stick to what was set out previously on the limit in the aid budget for money used for climate change purposes, although there are very real connections between climate change and poverty; and secondly, there is a commitment, which we will keep to, of £2.9 billion for climate change finance. Britain is a leader on that, but as she said, we must look at innovative ways of levering in more money from other parts of the world, including—frankly—from some fast-growing areas which, when Kyoto was first thought of, were very underdeveloped and are now fast-developing countries. We need to help them, but the finance should not flow only from us.

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