Climate Change: Finance

(asked on 11th December 2024) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what the potential cost to the public purse is of the Government’s international climate finance commitments since July 2024; and if he will make an assessment of the potential impact of this spending on the funding available for energy infrastructure projects.


Answered by
Kerry McCarthy Portrait
Kerry McCarthy
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 18th December 2024

The Government has made a number of spending commitments since July to deliver the UK’s pledge, announced in 2019, to spend £11.6 billion in International Climate Finance (ICF) between April 2021 and March 2026. The £11.6 billion commitment is from the UK’s Official Development Assistance budget, currently set on a temporary basis at 0.5% per cent of Gross National Income.

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