Joined House of Lords: 16th June 2026
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These initiatives were driven by Lord Harlech, and are more likely to reflect personal policy preferences.
Lord Harlech has not introduced any legislation before Parliament
Lord Harlech has not co-sponsored any Bills in the current parliamentary sitting
The Government is switching £400 million of grant funding set aside for future international climate finance projects into loans, which could include projects such as the Tropical Forests Forever Facility. This provides more flexible ways to meet our international climate objectives. The terms, repayment schedules and interest rates of any loans will depend on the final design of individual investments and will be considered in line with normal value for money and Official Development Assistance requirements.
The Government is switching £400 million of grant funding set aside for future international climate finance projects into loans, which could include projects such as the Tropical Forests Forever Facility. This provides more flexible ways to meet our international climate objectives. The terms, repayment schedules and interest rates of any loans will depend on the final design of individual investments and will be considered in line with normal value for money and Official Development Assistance requirements.
The Government is switching £400 million of grant funding set aside for future international climate finance projects into loans, which could include projects such as the Tropical Forests Forever Facility. This provides more flexible ways to meet our international climate objectives. The terms, repayment schedules and interest rates of any loans will depend on the final design of individual investments and will be considered in line with normal value for money and Official Development Assistance requirements.
The Tropical Forests Forever Facility (TFFF) represents a critical evolution in forests finance, which is why the Government has been pleased to steadfastly support its development, including by pledging £2.5m to support the establishment of the Fund. Switching funding that had been set aside for international climate finance projects from grants into loans allows DESNZ to make £400m of financial transactions available to support the government's intention to invest in international climate finance projects, which could include projects such as TFFF. I will keep the House updated on the Government’s decision to invest in TFFF.
This Government has no plans to introduce targets to reduce livestock herd sizes as part of its approach to achieving net zero. The department’s focus is on supporting farmers to reduce emissions while maintaining a thriving and productive agricultural sector.
The Foreign, Commonwealth and Development Office (FCDO) uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. No existing FCDO International Climate Finance programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.