Environmental Transformation Fund

Treasury written question – answered on 10th May 2007.

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Photo of Mark Simmonds Mark Simmonds Shadow Minister (International Development)

To ask the Chancellor of the Exchequer

(1) whether he plans a public consultation on the Environmental Transformation Fund;

(2) from which Department's budget the Environmental Transformation Fund will be allocated;

(3) if he will make a statement on the remit of the Environmental Transformation Fund.

Photo of John Healey John Healey The Financial Secretary to the Treasury

As announced alongside the publication of the UK's National Allocation Plan for EU ETS Phase Two, a new Environmental Transformation Fund will be established to support renewable energy, biofuels and other non-nuclear, low-carbon technologies including carbon capture and storage. Details will be announced in the 2007 comprehensive spending review.

Budget 2007 announced that in the 2007 CSR, the Government will create a new international window of the Environmental Transformation Fund (ETF) with £800 million of official development assistance (ODA)to support development and poverty reduction through environmental protection, and help developing countries respond to climate change. Budget 2007 also announced that the Secretary of State for International Development will allocate £50 million from the international window of the UK's Environmental Transformation Fund to support proposals that have been made by ten Congo forest countries to help them protect the Congo Basin's forests and people.

Does this answer the above question?

Yes1 person thinks so

No14 people think not

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