South Africa: Carbon Emissions

(asked on 24th March 2022) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to the The Joint Statement: International Just Energy Transition Partnership Joint Statement, published on 2 November 2021, which announced an initial commitment of $8.5 billion for the first phase of financing, how much the Government is providing; what assessment she has made of the effectiveness of that financial commitment; and from what budget that funding is coming from.


Answered by
Vicky Ford Portrait
Vicky Ford
This question was answered on 30th March 2022

The UK is among the world's leading providers of climate finance, with a commitment to double our spend over the next 5 years (to £11.6 billion). The UK's contribution to the Just Energy Transition Partnership forms part of this. Together with USA, Germany, France and the EU, and in partnership with development finance institutions and leveraging additional significant support from the multilateral development banks and the private sector including capital markets, we are working with South Africa on the structures for the $8.5 billion package announced at COP26. This includes work on the investment plans that will underpin the package. The funding will come primarily from the FCDO budget.

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