Liam Byrne

Liam Byrne

Labour — Birmingham Hodge Hill and Solihull North

Speaking in the House of Commons on 21 November 2024

Debate

G20 and COP29 Summits

Contribution

I congratulate the Prime Minister on the restoration of UK leadership. Lord Prescott, who did so much to lead on Kyoto, would be truly proud of my right hon. Friend’s work and that of his Cabinet. I was very proud to lead the UK Inter-Parliamentary Union delegation to Baku this weekend, where we heard loud and clear a report from finance experts who say that we need $1 trillion a year in climate finance between now and 2030. The UK has led from the front, but the reality is that we cannot hit that target without building a bigger World Bank. We could lead that charge by recycling some of the £3 billion we get back from the European Investment Bank. Is that an initiative the Prime Minister could look into?

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