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1563707

registered interest
date	20/12/2022
answering body	Foreign, Commonwealth and Development Office
answering dept id	208
answering dept short name	Foreign, Commonwealth and Development Office
answering dept sort name	Foreign, Commonwealth and Development Office
hansard heading	Developing Countries: Renewable Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether he is taking steps he to ensure that his Department’s work to obtain private finance for green technology and energy projects in developing countries does not create unsustainable levels of sovereign debt in those countries.
tabling member constituency	West Ham
tabling member printed	Ms Lyn Brown
uin	114626
answer	answer is ministerial correction date of answer 12/01/2023 answer text <p>FCDO works with developing countries to raise affordable private and sovereign finance to help close the $2.4 trillion per year by 2030 country climate finance gap for developing countries. This includes working with countries to raise private capital through green, local currency bonds.</p><p>Through the Private Infrastructure Development Group (PIDG) developing countries receive technical assistance, local guarantees and concessional finance to help develop green infrastructure.</p><p>At COP27 UK Export Finance launched climate resilient debt clauses which suspend debt repayments when countries face climate shocks. FCDO works with countries at risk of sovereign debt distress to improve debt reporting and management.</p> answering member constituency Berwick-upon-Tweed answering member printed Anne-Marie Trevelyan question first answered 12/01/2023 16:46:49 answering member 4531 label Biography information for Anne-Marie Trevelyan
tabling member	1583 label Biography information for Ms Lyn Brown

1367638

registered interest
date	09/11/2021
answering body	Foreign, Commonwealth and Development Office
answering dept id	208
answering dept short name	Foreign, Commonwealth and Development Office
answering dept sort name	Foreign, Commonwealth and Development Office
hansard heading	Developing Countries: Renewable Energy
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government whether the statement by the Foreign, Commonwealth and Development Office quoted in the Financial Times on 4 November that clean energy equities in emerging and developing markets "consistently outperform the MSCI Emerging Markets Index" were cleared with (1) the Financial Conduct Authority, and (2) ministers.
tabling member printed	Lord Lamont of Lerwick
uin	HL3888
answer	answer is ministerial correction date of answer 29/11/2021 answer text <p>At a Foreign, Commonwealth and Development Office (FCDO) event in the margins of COP26, officials presented on mobilisation as a policy agenda and quoted a reputable research document authored by the International Energy Agency in collaboration with the World Bank and the World Economic Forum. Their report highlighted that investments in clean energy transition in emerging markets have outperformed comparable benchmarks for emerging market assets. Referencing these research findings does not constitute investment advice by FCDO.</p> answering member printed Lord Goldsmith of Richmond Park question first answered 29/11/2021 11:41:30 answering member 4062 label Biography information for Lord Goldsmith of Richmond Park
tabling member	895 label Biography information for Lord Lamont of Lerwick

1151613

registered interest
date	22/10/2019
answering body	Department for International Development
answering dept id	20
answering dept short name	International Development
answering dept sort name	International Development
hansard heading	Developing Countries: Renewable Energy
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for International Development, what support his Department provides to developing countries to support off-grid electricity generation from renewable sources.
tabling member constituency	Warley
tabling member printed	John Spellar
uin	3539
answer	answer is ministerial correction date of answer 28/10/2019 answer text <p>Off-grid renewable energy is often the best way for millions of people to have access to electricity, especially in rural areas. DFID’s support to off-grid electricity generation is delivered through a range of programmes.</p><p>We provide funding for the installation of off-grid solar power, such as through mini-grid projects in Kenya and Rwanda. We provide technical assistance and are helping to establish markets in a number of African countries for household solar power. For example, a programme using results-based financing is delivering clean energy electricity access to millions, while the Africa Clean Energy programme is supporting a market-based approach for private sector delivery of solar home system products and services.</p><p>We also support private sector off-grid projects through the Green Climate Fund. For example, one project is helping 50 poor, rural communities in Mali to switch from fossil fuel-powered diesel generators and kerosene lamps to green energy by installing solar mini-grids. We also support development finance interventions such as the Private Infrastructure Development Group, the Multilateral Development Banks, and CDC – which has, for example, invested substantial equity in M-KOPA, a pay-as-you-go solar energy company.</p><p>Since 2011, the UK has provided 26 million people with improved access to clean energy and installed 1,600 MW in clean energy capacity.</p><p>The Prime Minister announced at the UN Climate Action Summit funding of up to £1 billion for research, development and deployment of new energy technologies and business models to unlock opportunities in developing countries for cleaner growth and better access to clean energy.</p> answering member constituency Richmond Park answering member printed Zac Goldsmith question first answered 28/10/2019 16:07:22 answering member 4062 label Biography information for Lord Goldsmith of Richmond Park
tabling member	318 label Biography information for Lord Spellar