Environment Bill

I thank the noble Lord for his intervention. We will talk a bit about similar issues in the next debate on due diligence, but it is certainly the case that, if we want forested countries to protect what they have, implement the laws that are in place and help us to turn the tide on deforestation, there will need to be an incentive. In some part, that means financial transfer from other countries. The UK is leading efforts, with the development of a new programme called LEAF, which has already raised in excess of a £1 billion, in theory at least. We hope to continue to attract partners from the private sector and Governments, with a view to working with the main forested nations to protect the forest that they have. This is just one of many initiatives; we are working on a number of initiatives between now and COP, with a view to making a meaningful intervention, we hope, at that event.