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Fossil Fuels: Development Aid

Question for COP26

UIN 115997, tabled on 1 February 2022

To ask the President of COP26, what discussions he has had with international partners on following the UK in ending support for fossil fuel projects overseas.

Answered on

11 February 2022

COP26 set the gold standard on aligning international public finance with the goals of the Paris Agreement. 34 countries and 5 finance institutions have committed to end international public finance for fossil fuel energy projects by the end of 2022. Collectively, this could move $24bn of public finance out of fossil fuels and into the clean energy transition. This is the first time a COP Presidency has prioritised this issue to drive forward progress. The UK is now actively working with fellow signatories to support the delivery of these commitments, as well as expanding the signatory base and continuing to push global ambition on this agenda throughout 2022.

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