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Development Aid: Climate Change

Question for Foreign, Commonwealth and Development Office

UIN 157138, tabled on 23 February 2021

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, with reference to the November 2020 OECD report which found that 74 per cent of climate finance has taken the form of loans, what form the UK’s contribution to international climate finance has taken to date; and what form the £11.6 billion it has committed over the next five years will take.

Answered on

3 March 2021

The UK has published full details on our International Climate Finance (ICF) annually since 2014. The reports can be found here: https://www.gov.uk/guidance/international-climate-finance. Over the past five years only 0.12% (£5.9 million) of UK ICF has been delivered through concessional loans, with 87% (£4,854 million) delivered through grants, 10% (£556 million) as equity investments and 3% as other.

Decisions on future programming will be made in due course.