INTIEAUnited Kingdom · UK decision to end support for fossil fuels sector overseasPolicyIn force

UK decision to end support for fossil fuels sector overseas

The Prime Minister announced that the UK will end direct government support for the fossil fuel energy sector overseas. It means that the UK will end export finance, aid funding and trade promotion for new crude oil, natural gas or thermal coal projects, with very limited…

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Country / jurisdiction: United Kingdom · Year: 2020 · Status: In force · Level: National · Type: Voluntary

The Prime Minister announced that the UK will end direct government support for the fossil fuel energy sector overseas. It means that the UK will end export finance, aid funding and trade promotion for new crude oil, natural gas or thermal coal projects, with very limited exceptions. Following an extensive consulation process, the policy came into effect on 31 March 2021.

Official source: https://www.gov.uk/government/news/pm-announces-the-uk-will-end-support-for-fossil-fuel-sector-overseas

Source

https://www.iea.org/policies/12684

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