Question to the Department for Energy Security & Net Zero:

To ask His Majesty's Government, further to the press release of 22 July, Cheaper travel for millions with a third off fares, what the terms will be of the loans the United Kingdom will give to international climate finance projects, and which projects these will include.

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.