After COP26 we were able to say with credibility that we kept the pulse of 1.5C alive. We welcome the progress made at COP27, but there is no cause for complacency.

We have seen progress since COP26 during our Presidency year and outstanding work is taking place to cement the gains of the Glasgow Climate Pact. A full breakdown of progress has been captured in the Presidency’s Outcomes Publication and I will place a copy in the Libraries of the House.

In the challenging geopolitical context and amidst a global energy crisis, the UK’s objective at COP27 was to secure continued delivery of the Glasgow Climate Pact, make further progress to keep 1.5 in reach and support those most vulnerable to the impacts of climate change.

My right hon. Friend the Prime Minister pledged at COP27 to speed up the transition to renewables, to create new high-wage jobs, protect UK energy security and deliver on net zero. He also chaired a high-level meeting on forests which built on momentum secured through the Glasgow Leaders’ Declaration for Forests and Land Use.

With regard to support for the most vulnerable, the Prime Minister reinforced that the UK is delivering on the commitment of £11.6 billion in international climate finance, and made a number of other financial announcements within this: the tripling of funding for climate adaptation from £500m in 2019 to £1.5bn in 2025; recommitting to spend £1.5bn on forests; £90m for conservation programmes in the Congo Basin; £65m in funding for the Nature, People and Climate Investment Fund; and £65.5m for the Clean Energy Innovation Facility.

In parallel to COP27, at the G20, leaders agreed to implement fully their Glasgow Climate Pact commitments to limit global warming to 1.5C and accelerate coal phase down and the transition to clean energy.

To demonstrate delivery on COP26 commitments, we hosted a series of high level side events at COP27 which helped to drive progress on the key sectoral areas: the Breakthrough Agenda; forests and nature; energy transition; and zero emission vehicles. Events at the UK Pavilion covered a range of topics, including: finance, adaptation, indigenous leadership, youth and education, gender, forests and nature, energy, and sustainable agriculture.

The negotiations were challenging, concluding only in the early hours of Sunday morning. The UK negotiating team played a key role throughout and particularly in the final 24 hours in mobilising countries behind ambition. The deal made significant progress on loss and damage and the agreement reached to establish new funding arrangements, including a fund, took place against the backdrop of increasing climate impacts globally. Designed and implemented well, this has the potential to increase support for the most vulnerable from a range of sources.

The deal in Egypt also preserves the historic commitments to keep 1.5 alive that countries agreed to last year in the Glasgow Climate Pact. The UK rallied nearly half the Parties to push for further ambition - including on fossil fuels and peaking global emissions before 2025 - which were not taken up by the Presidency but we did secure a reiteration of the commitment made in Glasgow for countries to revisit their NDCs before the end of 2023 to ensure that they are aligned with the Paris Agreement, as the UK has done. Progress was made on the work programmes on mitigation and adaptation agreed in Glasgow, carbon markets, and on the new post 2025 finance goal.

My right hon. Friends the Foreign Secretary, Business Secretary and Environment Secretary also announced a range of investments throughout the summit, including more than £100 million to support developing economies to respond to climate-related disasters and £65 million for the world’s first large scale Industry Transition Programme.

Just Energy Transition Partnerships (JETPs) were pioneered with UK leadership at COP26. At COP27 a joint statement on the South Africa Investment Plan was published during the World Leaders Summit, while the PM joined other world leaders announcing the Indonesia JETP at the G20 Summit in Bali.

The Government is grateful to my right hon. Friend Alok Sharma and his team for their service and leadership as COP Presidency over the past two and half years. The UK will continue to deliver net zero in the UK and to support other countries in their own transitions, ensuring we leave no communities behind and keep 1.5C alive. We will use all our levers, including through the G7 and G20, our bilateral partnerships, our climate finance, trade and diplomacy, as well as our deep UK expertise and track record, to uphold the legacy of COP26, and we will continue to work with all countries through to COP28 in the UAE.

https://www.theyworkforyou.com/wms/?id=2022-11-25.hcws387.0