Written question asked by Lord Harlech (Conservative) on Thursday, 23 July 2026, in the House of Lords. It was due for an answer on Thursday, 6 August 2026. It was answered by Baroness Curran (Labour) on Tuesday, 4 August 2026 on behalf of the Department for Energy Security and Net Zero.

Climate Change: Loans

Question: To ask His Majesty's Government, further to the press release of 22 July, Cheaper travel for millions with a third off fares, what the repayment schedules for the United Kingdom’s loans to international climate finance projects will be; and which projects these will include.

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 our international climate objectives. The terms, repayment schedules and interest rates of any loans will depend on the final design of individual investments and will be considered in line with normal value for money and Official Development Assistance requirements.

Secondary information