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Written Question

Fossil Fuels: Export Credit Guarantees

Thursday 7th March 2019

Asked by: Steve Reed (Labour (Co-op) - Streatham and Croydon North)

Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what estimate his Department has made of the amount of additional carbon dioxide that has been emitted in each of the last five years as a result of UK Export Finance funding for fossil fuel projects overseas.

Answered by George Hollingbery

UK Export Finance (UKEF) reports estimated operational greenhouse gas emissions through its website (https://www.gov.uk/guidance/ukef-environmental-social-and-human-rights-risk-management). UKEF reports this for all projects it supports which fall under the OECD Recommendation on Common Approaches and Social and Environmental Due Diligence and where operational phase annual greenhouse gas emissions are calculated to exceed 25,000 tonnes of CO₂ equivalent.