Harpreet Uppal (Labour)

8. What assessment he has made of the adequacy of the COP29 agreement. ( 903236 )

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Kerry McCarthy (Labour)

I thank my hon. Friend for her continued interest in this issue. Despite significant challenges, COP29 agreed a new climate finance goal and finalised guidance on international carbon markets. We would have liked more progress in certain areas, such as on mitigation outcomes. We look forward to playing an important role in the run-up to COP30 in Belém, to ensure that more progress is made.

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Harpreet Uppal (Labour)

Tackling climate change should matter to all of us because it affects all of us. At COP29, the UK led the way on setting strong climate targets. How is the Minister ensuring that measures are in place to track progress against our COP commitments? How is she working with businesses, local authorities and industry to deliver on those targets and drive investment?

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Kerry McCarthy (Labour)

My hon. Friend is right: we earn the credibility that enables us to show international leadership by delivering at home. In due course we will publish a cross-economy plan for meeting our climate targets, which will outline the policies that are needed to meet our 2035 nationally determined contribution, and we are engaging with a range of stakeholders on delivery through, for instance, the Net Zero Council, which has a very busy work programme, and the local net zero delivery group.

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Jim Shannon (DUP)

What assessment has the Minister made of the COP29 commitment to tripling finance for developing countries from the previous goal of $100 billion to $300 billion a year by 2035, and what is the United Kingdom’s contribution to that sum?

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Kerry McCarthy (Labour)

It is always a pleasure to answer questions from the hon. Member. We remain committed to international climate finance, and to the new climate finance goal agreed at COP29. The level of the UK’s contribution will be considered in the spending review, when we will also consider how we can maximise investment from the private sector.

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