Climate Change: Finance
2026-07-21 · Department for Energy Security and Net Zero · HL2509 · Official question
Question
To ask His Majesty's Government which projects from the International Climate Finance fund will now receive a loan rather than a grant; and if the loans are not in the recipient country’s own currency, whether they will absorb the currency exchange rate r
Answer
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 the Gove...