Development Aid: Climate Change
The question
To ask the Chancellor of the Exchequer, if she will make an estimate of the projected interest costs to the taxpayer of the £11.6 billion in overseas climate aid.
Answered by James Murray
The UK has committed to deliver £11.6bn of International Climate Finance (ICF3) to support developing countries’ climate mitigation and adaptation action from Financial Year 2021/22 to Financial Year 2025/26.
The Office for Budget Responsibility produces forecasts for interest costs in the round as part of its independent official forecast.
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