I am delighted to be back debating the Environment Bill on Report and not least to be able to do so in person. I thank noble Lords for continuing to meet me and my officials over the Summer Recess.
Off the back of much of that engagement, as well as the many insightful contributions in Committee from right across this House, noble Lords will have seen that we have secured and tabled some significant amendments to the Bill. I outlined these in a letter to your Lordships last week and I look forward to discussing these in more detail as we progress the debate.
Moving on to the important issues at hand, I thank noble Lords for their contributions to this debate, and particularly the noble Lord, Lord Teverson, for his Amendment 1. He described an emergency; I reassure him that the Government fully recognise the seriousness of both climate change and biodiversity loss, which, as a number of noble Lords have said, must be addressed in tandem if we are to protect the planet. There is no credible pathway to net zero that does not involve the
protection and restoration of nature on an unprecedented scale. Indeed, there is no pathway to meeting our sustainable development goals—any of them—without massive efforts to protect and restore nature. We know that those people who depend most on the free services that nature provides, and which have been described by a number of speakers today, are in the most vulnerable and poorest communities. As we destroy nature, we destroy those services and plunge people in huge numbers into base poverty.
The noble Baroness, Lady Jones, pointed out that of total global climate finance, less than 3% is invested in nature-based solutions to climate change. An attempt to shift that balance and get that 3% much closer to 50% is at the heart of our ambitions as the president of COP. In addition to committing to double our own international climate finance to £11.6 billion, we have committed that nearly a third of that will be invested in nature-based solutions, including forests, mangroves, seagrasses and more. As part of our diplomatic efforts in the run-up to COP, we are talking to other donor countries on a regular basis to try to persuade them to do something similar. There has been some progress and I hope that, by the time we reach COP, I will be able to present significant movement in that area.
My noble friend Lord Deben, who I too am very pleased to see here and who is an authority on climate change, quoted the Pope; I am not sure whether it was the current or previous Pope but he quoted a Pope. The point he made was absolutely right. Climate change has been described by others—perhaps from a less theological point of view—as a fever caused by decades and generations of our abuse of the natural world. The more we can see it in that way, the more likely we are to deliver appropriate solutions. COP will be a nature COP; this is at the heart of what we are attempting to do with our presidency.
I take issue with one suggestion that the noble Lord, Lord Deben made: that we need to make it clear to others where the UK stands on these issues. I would not pretend that there is a country in the world, including the UK, that is doing enough. The gap between where we are and where we need to be is vast; that is true of every country on earth, and that is why we are having this discussion today. But where the UK stands on climate change and nature already sends a pretty powerful message to the world. I think we are regarded internationally as leaders: we were the first major economy to legislate for net zero by 2050; we have committed to ending taxpayer support for fossil fuel projects overseas, which the noble Lord has been urging for many years; we are the first to make our land use subsidy system conditional on environmental outcomes; we have doubled our international climate finance, as I said; and we have committed to a third of investment into nature-based solutions. As COP president, we are all engaging in intense diplomacy to try to raise ambition across the world.