VoteClimate: Value for Money - 29th November 2017

Value for Money - 29th November 2017

Here are the climate-related sections of speeches by MPs during the Commons debate Value for Money.

Full text: https://hansard.parliament.uk/Commons/2017-11-29/debates/137D7A2F-46D5-4FD4-BC27-AA154C1FDA2E/ValueForMoney

Chris Law (SNP)

There is no greater value for money in aid spending than protecting the future of our natural world for generations to come. Following the UN COP23 talks earlier this month, which I attended, it is undeniable that we are reaching the tipping point of no return on climate change, and all nations agreed that we must go “further, faster, together”. Given that the Department for International Development is a major shareholder in the World Bank, which still spends much more on oil, gas and coal than on clean energy, will the Secretary of State give me her personal commitment that she will use all her powers of persuasion with the World Bank to ensure that it invests more in clean, safe renewables than in fossil fuels?

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Rory Stewart

The hon. Gentleman and I have discussed this in the past, and I pay tribute to the work that he does on the environment. We are pressing the World Bank to do that, and that is one of the functions of the new financing facilities that we have established, but there is still a place for non-renewable energy generation, particularly to meet the desperate needs in Africa.

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