Overseas Aid: Fossil Fuels

(asked on 22nd February 2021) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask Her Majesty's Government what estimate they have made of the total value of overseas aid invested in fossil fuels via (1) the CDC Group, and (2) the Private Infrastructure Development Group, including investments made through financial intermediaries, for the (a) 2015/16, (b) 2016/17, (c) 2017/18, (d) 2018/19, and (e) 2019/20, tax years.

Answered by
Lord Goldsmith of Richmond Park Portrait
Lord Goldsmith of Richmond Park
Minister of State (Foreign, Commonwealth and Development Office)
This question was answered on 22nd March 2021

CDC has published its complete portfolio of energy investments as held at 31 December 2019 on its website, which includes the start date of each investment and the total amount committed.

The value of Private Infrastructure Development Group (PIDG) commitments to energy projects (disaggregated by renewables and non-renewables) is published in the 2019 PIDG Annual Review available on the PIDG website. Project level data on all PIDG investment commitments are also available online via its Results Monitoring Database and its annual reports.

Due to the disproportionate cost of compiling the requested data, it is not possible to provide an estimate of the total value of support provided to overseas fossil fuels projects or companies via the CDC Group and PIDG.

This content was generated for your convenience by Parallel Parliament and does not form part of the official record.
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