Development Aid: Climate Change

(asked on 29th August 2025) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will make an estimate of the projected interest costs to the taxpayer of the £11.6 billion in overseas climate aid.


Answered by
James Murray Portrait
James Murray
Chief Secretary to the Treasury
This question was answered on 8th September 2025

The UK has committed to deliver £11.6bn of International Climate Finance (ICF3) to support developing countries’ climate mitigation and adaptation action from Financial Year 2021/22 to Financial Year 2025/26.

The Office for Budget Responsibility produces forecasts for interest costs in the round as part of its independent official forecast.

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