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Written question asked by Baroness Blackstone (Labour Independent) on Monday, 22 February 2021, in the House of Lords. It was due for an answer on Monday, 8 March 2021. It was answered by Lord Goldsmith of Richmond Park (Conservative) on Monday, 22 March 2021 on behalf of the Foreign, Commonwealth and Development Office.

Development Aid: Fossil Fuels

Question

To ask Her Majesty's Government what estimate they have made of the total value of overseas aid invested in fossil fuels via (1) the CDC Group, and (2) the Private Infrastructure Development Group, including investments made through financial intermediaries, for the (a) 2015/16, (b) 2016/17, (c) 2017/18, (d) 2018/19, and (e) 2019/20, tax years.

Answer

CDC has published its complete portfolio of energy investments as held at 31 December 2019 on its website, which includes the start date of each investment and the total amount committed.

The value of Private Infrastructure Development Group (PIDG) commitments to energy projects (disaggregated by renewables and non-renewables) is published in the 2019 PIDG Annual Review available on the PIDG website. Project level data on all PIDG investment commitments are also available online via its Results Monitoring Database and its annual reports.

Due to the disproportionate cost of compiling the requested data, it is not possible to provide an estimate of the total value of support provided to overseas fossil fuels projects or companies via the CDC Group and PIDG.

Secondary information

Type
Written question
Reference
HL13373
Session
2019-21
Subjects
Development aid Fossil fuels CDC Private Infrastructure Development Group
Contains statistics
Yes
Link
View this Written question on www.parliament.uk