With the climate and environmental agenda gathering momentum following the critical COP26 summit, the committee welcomes the Welsh Government’s efforts to target investment at the climate and nature emergencies. However, the level of new and additional funding identified within the draft budget may fall short of what’s required to deal with this huge task. It’s disappointing that the draft budget doesn't go further to assess the carbon impact of the Welsh Government’s spending decisions. If the climate and nature emergencies are truly a basis on which the Welsh Government is making its investments, it must have a clear idea of what it will achieve through its spending. The Welsh Government must also outline the practical ways in which the strategies and objectives outlined in the draft budget are being implemented in recognition of the climate and nature emergencies.