International Climate Fund

Department for Energy and Climate Change written question – answered on 15th January 2015.

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Photo of Mary Creagh Mary Creagh Shadow Secretary of State for International Development

To ask the Secretary of State for Energy and Climate Change, to which countries and for what purpose his Department's contribution to the International Climate Fund has been spent; and what proportion of such funding (a) has been allocated to any multilateral institutions and (b) is (i) capital and (ii) resource expenditure.

Photo of Amber Rudd Amber Rudd The Parliamentary Under-Secretary of State for Energy and Climate Change

The Department of Energy and Climate Change is investing its share of the International Climate Fund in supporting low carbon development in developing countries and on reducing deforestation.

To date, we have made specific investments in the following countries; China, South Africa, Indonesia, Mexico, Brazil, Colombia, Nigeria, Algeria, India, Bangladesh, Thailand, Vietnam and Uganda. Other countries will have also benefitted from our investments into global multilateral funds.

The majority of our investments are via multilateral institutions, including bilateral programmes delivered by these institutions. These institutions have the capacity to manage large investments and, as experts in their fields, provide high quality programmes and results.

The breakdown of investment is as follows:

Global multilaterals

Bilateral programme delivered through a multilateral

Bilateral

£799,863,599

£75,000,001

£127,682,098

Of this £963,324,839 is capital expenditure and £39,220,859 is resource expenditure.

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