GovWire

Aswe conclude the first Global Stocktake, we must be brutally honest.

Although weve made great progress together

the world is just not moving fast enough.

Climate science shows were off track.

And climate politics is close to breaking point

because the gap between pledges and delivery is undermining credibility.

While we make new commitments here, major emitters must dramatically accelerate delivery of what theyve already promised.

We all need to do more.

And we must address the disconnect between lofty rhetoric on stages like this and the reality of peoples lives around the world.

The way to do that is by delivering a truly just transition.

Let me be clear, the UK is totally committed to Net Zero, the Paris Agreement, and to keeping 1.5 alive.

Thats why weve decarbonised faster than any other major economy.

Our 2030 target means the deepest cuts of any major emitter, and were determined to deliver.

But instead of putting more pressure on working people, were choosing a pragmatic new approach.

Were ramping up renewables and embracing the opportunities of technology and green industry

because weve shown you can cut emissions while growing the economy and creating jobs.

Those facing the worst impacts of climate change are desperate for the world to do more.

So were also working to deliver a just transition globally.

And that means more support for those in need.

The UK is already one of the largest global climate donors and were tripling our adaptation finance.

Ive announced a further 1.6 billion for the Green Climate Fund the UKs biggest single international climate commitment.

And today, Im going further with an additional 1.6 billion of support

for clean energy and innovation

and to deliver on the historic Glasgow forests deal, because we cant get to Net Zero without nature.

This also includes up to 60 million for Loss and Damage 40 million of which is for the new fund.

To succeed, the fund must be open to all sources of support.

And because the UK is the world-leading green finance centre

were also helping unlock trillions in private finance to meet this need and keep 1.5 degrees within reach.

I believe we can deliver here in Dubai but weve got to work together.

The debate is too divided

developed versus developing ambition on mitigation versus finance for transition and adaptation.

The truth is simple we need both.

In place of division, we need ambitious, collective action like we promised in Paris and Glasgow.

Thats how well get back on track

By bringing everyone with us

because a truly just transition leaves no one behind.

Thank you.