Paying Polluters: UN Report - Question

Part of the debate – in the House of Lords am 3:10 pm ar 22 Ebrill 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Baroness Blake of Leeds Baroness Blake of Leeds Shadow Spokesperson (Energy and Net Zero), Shadow Spokesperson (Business and Trade) 3:10, 22 Ebrill 2024

My Lords, while we will of course hear a lot about the importance of investor confidence, it is as important to ensure that Governments, particularly of less affluent and more vulnerable nations, are able to fulfil their climate commitments. It is estimated that those Governments fulfilling their commitments under the Paris Agreement might be liable to pay up to $340 billion in future cases under this system. Can the Minister tell us the Government’s assessment of what the impact of this system will be on limiting the increase in global temperatures to 1.5 degrees centigrade above pre-industrial levels?