Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, what steps he is taking to ensure that British International Investment supports decarbonisation overseas.

As part of its Climate Change Strategy, British International Investment (BII) takes an active approach in supporting decarbonisation. BII invests in mitigation solutions across Africa and Asia including renewable energy, low carbon transport, climate smart agriculture, forestry, climate technologies and the deployment of green finance via financial intermediaries. BII supports its investees to reduce emissions and increase their resilience both through investment capital and through technical advisory support.

BII is committed to reaching net zero emissions in its investment portfolio by 2050 in a way that supports decarbonisation and sustainable development in the real economy. More details about BII's approach to decarbonisation can be found in BII's Taskforce on Climate related Financial Disclosures (TCFD) disclosure and Annual Reviews.