Environmental Sustainability: UK-Indonesia Collaboration
I certainly think that peatlands are incredibly important. It has been one of my frustrations that we put so much emphasis on forests, and on the UK on planting trees—like a race to how many millions of trees each party can pledge to plant—whereas, as the hon. Member says, the carbon sequestration impact of peatlands is greater. We need to do much more to protect them, including, I would say, banning horticultural peat, which I know she has campaigned long and hard for. I will come on to the question of climate finance later, but I will say that we are in a world in which public money is under severe constraints. The USA, for example, has pulled out of its commitments under COP. I want to see a lot more done to use public money, and philanthropic money, as a catalyst to leverage in far more private sector funding, including through things such as the voluntary carbon and nature markets, so that we can get that finance into protecting our forests, our peatlands and, indeed, our marine environment, which I will touch on a bit later as well.