How the government will implement its policy on support for the fossil fuel energy sector overseas
This document provides information about the policy on UK government support for the fossil fuel energy sector overseas.
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Update: 21 December 2023
We updated this policy to include a temporary measure to enable small and medium sized businesses to access transition-linked working capital support from UK Export Finance. We will update the policy again once a permanent measure is in place.
The updated policy also reflects:
- the name change of CDC Group PLC to British International Investment PLC
- that the policy applies to British International Investment PLC, rather than being used to influence it
As of 31 March 2021, the government no longer provides support for the fossil fuel energy sector overseas, other than in limited circumstances. This document sets out how the government will implement this policy. Specifically, it covers:
- what is exempt from the policy
- guidance on how the policy will apply to specific areas
- areas not covered by the policy
It follows a consultation on aligning UK international support for the clean energy consultation transition.
Last updated 21 December 2023 + show all updates
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Policy updated to include a temporary measure to enable small and medium sized businesses to access transition-linked working capital support from UK Export Finance. We will update this again once a permanent measure is in place
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First published.