Question to the Department for Energy Security & Net Zero:

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.

Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)

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.

Question to the Department for Energy Security & Net Zero:

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.

Answered by Baroness Curran - Parliamentary Under-Secretary of State (Department for Energy Security and Net Zero)

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.

Question to the Department for Business, Innovation, Science and Trade:

To ask His Majesty's Government whether any International Climate Finance funding delivered through UK Export Finance will be affected by the announcement by the Prime Minister's Office of 22 July, Cheaper travel for millions with a third off fares; and, if so, which projects are affected, and what the terms of the loans will be.

Answered by Lord Leong - Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade)

The capping of bus fares announced on 22 July 2026 will have no impact on financing or insurance support provided by UK Export Finance, including for its loan guarantee supporting Dints International’s contract to supply renewable energy and infrastructure work in Angola.

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. The remaining £54 million savings are expected from underspends in the Department’s budget.

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.

Question to the Department for Business, Innovation, Science and Trade:

To ask His Majesty's Government whether the £12.5 million UK Export Finance loan guarantee supporting Dints' renewable energy and infrastructure work in Angola forms part of the changes set out in the announcement by the Prime Minister's office on 22 July, Cheaper travel for millions with a third off fares.

Answered by Lord Leong - Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade)

The capping of bus fares announced on 22 July 2026 will have no impact on financing or insurance support provided by UK Export Finance, including for its loan guarantee supporting Dints International’s contract to supply renewable energy and infrastructure work in Angola.

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. The remaining £54 million savings are expected from underspends in the Department’s budget.

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.

Question to the Foreign, Commonwealth & Development Office:

To ask His Majesty's Government whether funding provided through British Climate Partners 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.

Answered by Lord Wood of Anfield - Parliamentary Under-Secretary (Foreign, Commonwealth and Development Office)

Through its British Climate Partners (BCP) Initiative British International Investment (BII) will principally provide equity and mezzanine finance. BII does not anticipate providing funding through BCP in the form of grants. BII plans to invest over £1 billion through BCP over the next five years, with this in turn expected to unlock an additional £3.5 billion in private capital. The financial return BII targets on its investments depends on a range of factors - particularly the risk profile of the investment. The terms of BII's individual investments are commercially confidential.

Found: 6th Meeting, held at 10.00am on Wednesday 15 June 2026 Present: Baroness Sheehan (Chair) Lord Ashcombe

Found: the 5th Meeting, held at 9.45pm on Tuesday 23 June 2026 Present: Baroness Sheehan (Chair) Lord Ashcombe

Found: Environment and Climate Change Committee Drought Preparedness Inquiry Declarations of interest Lord Ashcombe

Found: impact of isooxazolines and newer chemicals on the environment In response to a question from Lord Ashcombe

This inquiry will consider how the UK can maintain a secure, affordable and low-carbon electricity supply during ‘dunkelflaute’ events – periods of low wind and solar energy generation. This will include an assessment of current UK preparedness for dunkelflaute conditions, future plans, and policy and regulatory gaps.