Speeches by Miliband.

“From the UK? That is a matter for the spending review. Remember, the way that it works is that we have a development, an ODA budget, and the climate contribution comes out of that ODA budget. The work is obviously with the Treasury but the work is also with the Foreign Office. It is worth saying that Anneliese Dodds an…”

“It is good that we fulfilled the promise of the last Government on the £11.6 billion. we are proud of the work that the ICF does and we are completely committed to ensuring that when we put forward resources for climate, they are indeed for climate purposes. It is also important to say that as part of this agreement, f…”

“It is a number that is derived from the Stern-Songwe report. That was the number that they set out, the independent and high-level expert group. All of the evidence is that the climate crisis is accelerating and that the needs of vulnerable countries are greater, but this is a very, very substantial sum of money and we…”

“It is interesting because I have some history in this, as in a number of things. I was part of the setting of the $100 billion goal, along with Gordon Brown, in 2009. The $100 billion was met late but it has been met, with some of the problems that Barry talked about. It is stretching, the $1.3 trillion. It is broadly …”

“Let me take that away.”

“This is a very detailed set of questions but it sounds like exactly the creative solutions that we need in this area. Taking seriously how we do this scaling-up is crucial because we have to bridge quite a big gap here. One of the things that this process has yielded is a big stepping up by the multilateral development…”

“Sorry to interject. Is this through public finance mobilising private and philanthropic finance?”

“There is a lot of detail in the agreement, which was there after discussions with many developing and vulnerable countries, about these issues of quality of finance. They are something that we are taking seriously. Rachel Kyte has incredible experience from the World Bank and is playing an important role on that, but i…”

“The scale of the UK contribution in the years ahead, as you know, Barry, will be determined as part of the spending review. The global goal was set as part of COP29 but the detail of individual countries’ contributions comes after. You raise an important issue, which was very striking to me in the negotiations, that th…”

“I will come back to you shortly on the timescale, but it will happen.”

“I will come back to you on the timescale but I can absolutely assure you that it will happen.”

“Sure. It will not be missing in action for long.”

“This has recently been drawn to my attention. I want to give you an absolutely categorical assurance that all of the discussions and the basis on which we operate as a Government are to include aviation within carbon budgets. It is also right to say that the carbon budget delivery plan that the last Government publishe…”

“Indeed.”

“I want to be very clear about this. In our carbon budgets we include international aviation and domestic aviation. That is the way that we think about our carbon budgets and our targets. The only reason the NDC was submitted on a different basis was because that is the basis for the UN submission. That is not Governmen…”

“It has been a big part of what I have tried to do in the last six months. The Prime Minister has led on this. We have a very different approach to devolved Administrations but we can learn masses from each other. There are lots and lots of issues that cross Governments. We have not only had the formal meetings but also…”

“It is absolutely crucial to us that biodiversity and nature is aligned with this. In fact, nature-positive solutions are a crucial part of meeting our carbon budgets. Perhaps we will come on to this. Peatland restoration, tree planting and sustainable forestry, all of those things—this is an important point about natur…”

“It will be the case, good. On the first question, what is interesting about this is some cross-party consensus, which might be a bit unexpected. I will say Boris Johnson for a second. He legislated in 2021 for the carbon budget 6 for 2035. It was a pretty ambitious target. Therefore, lots of the groundwork for what the…”

“On the latter, I am sure. Maybe Lee would like to say something about that, but I am sure that that will be the case.”

“Yes, 100% definitely. The passes are on their way to you now.”