Fossil Fuels: Finance

Foreign, Commonwealth and Development Office written question – answered on 19th November 2020.

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Photo of Dan Carden Dan Carden Labour, Liverpool, Walton

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether the Government plans to announce an end to UK funding for fossil fuels overseas to include (a) Overseas Development Assistance and (b) UK Export Finance.

Photo of James Duddridge James Duddridge Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)

Tackling climate change is a key priority for the UK. The Government is committed to working with countries across the world to unlock their renewable energy potential and support their transition away from fossil fuels to cleaner alternatives. We are continuing to work closely with departments and agencies across Government to align future UK Official Development Assistance (ODA) with the Paris Agreement.The Prime Minister announced in January that the Government would end direct ODA, investment, export credit and trade promotion support for thermal coal mining and coal power plants overseas. The Government continues to keep its approach to other fossil fuel investments and financing overseas under review.

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