Asked by: Jo White (Labour - Bassetlaw)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what discussions the UK–Brazil Joint Economic and Trade Committee has had on cooperation on nature markets and carbon finance.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
The UK-Brazil Joint Agricultural Committee, led by Defra, engages in discussions relating to sustainable agriculture. Recent discussions have covered topics including green fertiliser partnerships and collaboration on agricultural technologies. The UK and Brazil also have a number of bilateral initiatives on green finance, some of which sit under the UK PACT (Partnering for Accelerated Climate Transitions) programme.
Asked by: Jo White (Labour - Bassetlaw)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what role UK Export Financing plays in supporting British firms with environmental credit investments.
Answered by Chris Bryant - Minister of State (Department for Business and Trade)
UK Export Finance (UKEF) has not supported any environmental credit investments to date.
UKEF supports clean growth exports and has included a clean growth and transition objective in its Business Plan for 2024-2029, which will seek to position UK exporters and suppliers at the heart of the global low‑carbon transition. In support of this, UKEF aims to provide £10 billion of clean growth finance to accelerate the UK’s green export sector by 2029.