The Bishop of St Albans asked a question about how international climate finances are allocated during a debate on the government’s COP27 Statement on 15th November 2022:
The Lord Bishop of St Albans: My Lords, is the Minister able to confirm that the pledges for international climate finance are not being taken from the ODA (Official Development Assistance) budgets?
Lord True (Con): My Lords, on the ODA budget, my right honourable friend the Prime Minister has made it very clear that he wishes to see a return to 0.7% as the target for overseas aid. That remains the position of the Government. As far as specific action and lines of finance are concerned, I am not in a position to say anything at the Dispatch Box. Again, I will contact the right reverend Prelate, but I remind the House that we are a world leader in development support. We spent more than £11 billion on overseas development aid in 2021. We remain committed to the International Development (Official Development Assistance Target) Act 2015 and to spending 0.7% of GNI once the fiscal situation allows. That has been made clear from the top of the Government.