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To ask His Majesty's Government whether any funding provided through the REDD+ Early Movers programme will be provided in the form of loans rather than grants; and, if so, which programmes are affected, and what the terms of the loans will be.
To ask His Majesty's Government whether any funding provided through the REDD+ Early Movers programme will be provided in the form of loans rather than grants; and, if so, which programmes are affected, and what the terms of the loans will be.
DESNZ uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes, including the REDD+ Early Movers programme, have been switched from grants to loans linked with the recent announcement of £2 bus fares.
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 any conversations have been held with representatives of nations which were to receive funding through international climate finance where the funding is now being converted into loans; and...
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 any conversations have been held with representatives of nations which were to receive funding through international climate finance where the funding is now being converted into loans; and...
The Government is switching £400 million of grant funding set aside for future international climate finance projects into loans, providing more flexible ways to meet the Government’s international climate objectives. Discussions with partner countries on international climate finance take place as part of normal programme development and delivery processes. Any engagement relating to future investments will depend on the design and approval of individual investments.
To ask His Majesty's Government whether the allocated funding to be given to the Tropical Forests Forever Fund will be turned into a loan to pay for the announcement made by the Prime Minister on 22 July to reintroduce the £2 bus fare cap.
To ask His Majesty's Government whether the allocated funding to be given to the Tropical Forests Forever Fund will be turned into a loan to pay for the announcement made by the Prime Minister on 22 July to reintroduce the £2 bus fare cap.
The Tropical Forests Forever Facility (TFFF) represents a critical evolution in forests finance. Switching funding that had been set aside for international climate finance projects from grants into loans allows DENSZ to make £400m of financial transactions available to support the government's intention to invest in international climate finance projects, which could include projects such as TFFF. I will keep the House updated on the Government’s decision to invest into TFFF.
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 risk for those loans.
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 risk for those loans.
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 Government’s international climate objectives.
The terms of any loan including the currency denomination and the treatment of any associated exchange rate risk, 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.
To ask His Majesty's Government whether funding for the Climate Resilient Water Sector in Grenada project will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for the Climate Resilient Water Sector in Grenada project will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether funding for the Vanuatu community-based climate resilience project will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for the Vanuatu community-based climate resilience project will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether funding for the Matumbawe-Hai project will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for the Matumbawe-Hai project will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether funding for the International Water Management Institute project in Sri Lanka, funded through the Climate Action for a Resilient Asia programme, will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for the International Water Management Institute project in Sri Lanka, funded through the Climate Action for a Resilient Asia programme, will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether funding for resilience to hurricanes in the building sector in Antigua and Barbuda will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for resilience to hurricanes in the building sector in Antigua and Barbuda will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether funding provided through the REDD+ Early Movers programme in Colombia will be provided in the form of loans rather than grants; and, if so, how much funding is affected, and what the terms of the loans will be.
To ask His Majesty's Government whether funding provided through the REDD+ Early Movers programme in Colombia will be provided in the form of loans rather than grants; and, if so, how much funding is affected, and what the terms of the loans will be.
DESNZ uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes, including the REDD+ Early Movers programme in Colombia, have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether any funding provided to the Forest Carbon Partnership Facility - Carbon Fund will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether any funding provided to the Forest Carbon Partnership Facility - Carbon Fund will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To date, the UK has invested £141.5m in the World Bank-managed Forest Carbon Partnership Facility – Carbon Fund (£11.5m in 2011; £45m in 2014; and £85m in 2015). This has been in the form of grants (CDEL). No further funding to the Forest Carbon Partnership Facility – Carbon Fund is planned.
To ask His Majesty's Government whether funding for the KawiSafi Ventures Fund will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for the KawiSafi Ventures Fund will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government whether funding for the Sustainable Energy Facility for the Eastern Caribbean will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
To ask His Majesty's Government whether funding for the Sustainable Energy Facility for the Eastern Caribbean will be provided in the form of loans rather than grants; and, if so, what the terms of the loans will be.
No. The UK uses a combination of grants and other instruments, including loans, as most appropriate to deliver the intended outcomes and provide the best value for money. The majority of UK ICF will continue to be provided through grants. No existing ICF programmes have been switched from grants to loans linked with the recent announcement of £2 bus fares.
To ask His Majesty's Government further to their press release Cheaper travel for millions with a third off fares, published on 22 July, to which specific international climate finance projects has the United Kingdom’s contribution been converted to loans.
To ask His Majesty's Government further to their press release Cheaper travel for millions with a third off fares, published on 22 July, to which specific international climate finance projects has the United Kingdom’s contribution been converted to loans.
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 projects such as the Tropical Forests Forever Facility. This will provide more flexible ways to meet the Government’s international climate objectives. The Government remains committed to spending 0.3% of Gross National Income on Official Development Assistance.
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 are being so converted.
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 are being so converted.
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 projects such as the Tropical Forests Forever Facility. This will provide more flexible ways to meet the Government’s international climate objectives. The Government remains committed to spending 0.3% of Gross National Income on Official Development Assistance.
To ask His Majesty's Government, further to their press release Cheaper travel for millions with a third off fares, published on 22 July, what assessment they have made of their ability to claw back funding from the international climate finance projects for which the United Kingdom’s contribution will now take the...
To ask His Majesty's Government, further to their press release Cheaper travel for millions with a third off fares, published on 22 July, what assessment they have made of their ability to claw back funding from the international climate finance projects for which the United Kingdom’s contribution will now take the...
The Government is not clawing back funding from existing international climate finance projects. The £400 million relates to switching grant funding that had been set aside for future international climate finance projects into loans, providing more flexible ways to meet the Government’s international climate objectives. The terms of any loans, including expected repayment arrangements, 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.
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 terms will be of the loans the United Kingdom will give to international climate finance projects, and which projects these will include.
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 terms will be of the loans the United Kingdom will give to international climate finance projects, and which projects these will include.
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.
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.
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.
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.
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 interest rates of the loans the United Kingdom will make to international climate finance projects will be; and which projects these will include.
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 interest rates of the loans the United Kingdom will make to international climate finance projects will be; and which projects these will include.
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.
To ask His Majesty's Government, further to the remarks by Baroness Taylor of Stevenage on 14 May (HL Deb cols 2301), what plans they have to introduce low-interest loans for landlords to install energy efficiency measures, similar to schemes in Scotland.
To ask His Majesty's Government, further to the remarks by Baroness Taylor of Stevenage on 14 May (HL Deb cols 2301), what plans they have to introduce low-interest loans for landlords to install energy efficiency measures, similar to schemes in Scotland.
Private finance can play a key role in helping us achieve our decarbonisation ambitions. As part of the Government’s ambitious Warm Homes Plan, officials are exploring the role of incentives and private finance for households to support homeowners, including landlords, with the upfront costs of energy efficiency upgrades and low carbon energy technology. This includes engaging with the finance sector on the potential for low-interest loans.
After the spending review, we will be publishing the Warm Homes Plan which will set out further details.