Climate Change: Loans
2026-07-21 · Department for Energy Security and Net Zero · HL2505 · Official question
Question
To ask His Majesty's Government, further to their press release Cheaper travel for millions with a third off fares, published on 22 July, whether climate finance grants are being converted into loans to pay for this announcement; and, if so, which grants
Answer
The Government is reprioritising £454 million from the Department for Energy Security and Net Zero’s budget, including by switching £400 million of grant funding set aside for future international climate finance projects into loans, which could include p...