To ask the Secretary of State for International Development, what assessment he has made of the amount of greenhouse gas emissions produced by non-renewable energy projects financed by the Private Infrastructure Development Group.
2 March 2020
Historically Private Infrastructure Development Group (PIDG) has not measured the Green House Gases emissions associated with its investments.
However, it has now developed a methodology to measure the Green House Gases emissions associated with its investment portfolio and conducted an assessment of its portfolio beginning with the highest emitting sector, which is energy.
It will disclose the Green House Gases footprint associated with its investment portfolio going forwards as part of its commitment to Taskforce for Climate Related Financial Disclosures reporting from this year onwards (with the first disclosure in 2021).
Data on all PIDG investment commitments are available online via its Results Monitoring Database and its annual reports (https://www.pidg.org/). DFID also publishes data relating to its funding to PIDG via DevTracker.