Fossil Fuels: Carbon Emissions

Department for International Trade written question – answered on 26th January 2021.

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Photo of Preet Kaur Gill Preet Kaur Gill Shadow Secretary of State for International Development

To ask the Secretary of State for International Trade, what the projected emissions are for each fossil fuel project currently under consideration to be funded by UK Export Finance by scope (a) one, (b) two and (c) three.

Photo of Graham Stuart Graham Stuart Parliamentary Under-Secretary (Department for International Trade)

Until 31st March 2020 it was UK Export Finance (UKEF) policy and practice to collect the estimated annual operational CO2-equivalent (CO2e) Scope 1 and Scope 2 emissions of projects only where they fall under the scope of the OECD Council Recommendation on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (OECD Common Approaches) or the Equator Principles, and where they are expected to be in excess of 25 000 tonnes CO2e annually.

Eight of the fossil fuel related cases currently under consideration by UKEF are requests for support through the Export Development Guarantee (EDG). The EDG provides general working capital to support the operations of eligible UK exporters, and is not tied to specific contracts or projects. UKEF does not, therefore, hold information about project-level greenhouse gases (GHG) emissions for these cases.

The estimated emissions for those projects for which UKEF does hold figures are as follows:

Country

Type of project

Scope 1/2 emissions (Tonnes of CO2e/year)

Scope 3 emissions Tonnes of CO2e/year)

Brazil

Upstream oil and gas

480,000

Not available (data not yet collected or estimated by the project)

Turkmenistan

Compressors for a gas pipeline to a power station

108,625

Not available (data not yet collected or estimated by the project)

Brazil

Upstream oil and gas

2,088,000

Not available (data not yet collected or estimated by the project)

We do not hold project related GHG emissions data relating to trade finance applications.

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