Written question asked by Preet Kaur Gill (Labour) on Monday, 14 December 2020, in the House of Commons. It was due for an answer on Thursday, 17 December 2020 (named day). A holding answer was provided on Thursday, 17 December 2020. A substantive answer was provided by James Duddridge (Conservative) on Monday, 21 December 2020 on behalf of the Foreign, Commonwealth and Development Office.
Private Infrastructure Development Group: Fossil Fuels
- Question
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To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, how much funding the Private Infrastructure Development Group has allocated to fossil fuel projects in each of the last 10 years.
- Answer
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As the Private Infrastructure Development Group (PIDG)is a multi-donor funded institution, the FCDO has worked closely with its co-owners, which include DGIS (Holland), DFAT (Australia), SECO (Switzerland), SIDA (Sweden) and the IFC (part of the World Bank Group), to shift PIDG's investments further in favour of renewables. In June 2020, PIDG announced a new climate change approach to help developing countries transition towards a global net zero carbon economy by 2050, and will not make new investments in energy projects powered by coal or oil. Of PIDG's investments in the past 10 years, $547.7 million have been to projects using fossil fuels as a fuel source. Over the same period, PIDG has invested $715.6 million in renewable power projects. In the most recent 5 years (2015-2019) the balance has shifted further in favour of renewables, with 66% of all power generation investments being to renewable power projects.
Data on all PIDG investment commitments are available online via its Results Monitoring Database and its annual reports.
FCDO also publishes data relating to its funding to PIDG via DevTracker.
Secondary information
- Type
- Written question
- Reference
- 129086
- Session
- 2019-21
- Subjects
- Finance Fossil fuels Private Infrastructure Development Group
- Contains statistics
- Yes
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2020-12-21 17:29:43 +0000
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/129086
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- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2019-21/129086
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