Overseas Trade: Environment Protection

Business, Innovation and Skills written question – answered on 11th September 2012.

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Photo of Zac Goldsmith Zac Goldsmith Conservative, Richmond Park

To ask the Secretary of State for Business, Innovation and Skills pursuant to the written ministerial statement of 17 July 2012, on UKTI and ECGD Support for Green Technologies, whether the Export Credits Guarantee Department would be permitted to support export contracts for category A and category B projects as defined by the 2007 OECD Council Recommendation on Common Approaches on the Environment and Officially Supported Export Credits where emissions during the operations phase are estimated to be above 100,000 tonnes carbon dioxide equivalent per annum.

Photo of Jo Swinson Jo Swinson The Parliamentary Under-Secretary of State for Women and Equalities, The Parliamentary Under-Secretary of State for Business, Innovation and Skills

A new OECD Recommendation on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence was adopted by the OECD Council on 28 June 2012 and all new applications for Export Credits Guarantee Department (ECGD) support will be considered under its terms. ECGD would be permitted to support export contracts that fall within the ambit of 2012 OECD Common Approaches, where the environmental, social and human rights impacts of the related project, including carbon dioxide emissions, are addressed in accordance with the relevant international standards, typically those of the World Bank Group.

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