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<p>The Prime Minister announced in July that the UK Government will align all future
UK Overseas Development Assistance (ODA) spending with the Paris Agreement. This means
ensuring we assess all programming for the impact they have on climate change, and
that any investment support for fossil fuels affecting emissions is in line with the
Paris Agreement temperature goals and transition plans. We are working closely with
departments across Government to agree how this commitment will be implemented.</p><p>As
the UK’s export credit agency, UKEF is responsive to the evolving export financing
needs of UK companies as they transition away from fossil fuels. The Prime Minister
announced at the Africa Investment Summit that the government will provide no new
direct ODA, investment, export credit or trade support for coal power and thermal
coal mining overseas.</p>
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