Extract from QSD (Lords) on Climate Change in Developing Countries - Mar 30

Lord Collins of Highbury (Lab):...Earlier this month, I met the senior team at BII, which is nearly midway through its five-year strategy. They committed by 2026 that at least 30% of total new commitments by value will be in climate finance, making it one of the world’s largest climate investors in Africa. I was struck by two programmes that they highlighted to me. One was the new investment partnership to scale sustainable forestry across sub-Saharan Africa; the other was a new investment in Bangladesh which aims to accelerate transition of critical economic sectors, such as the garments industry, to more resource-efficient production. Both are good examples of where development finance can effectively deliver against the twin challenges of climate change and economic development, both vital if we are to achieve the STG agenda...

For context, CLICK HERE