Policy paper

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.

• From: Department for Energy Security and Net Zero and Department for Business, Energy & Industrial Strategy
• Published: 31 March 2021
• Last updated: 21 December 2023 — See all updates

This was published under the 2019 to 2022 Johnson Conservative government

Documents

Aligning UK international support for the clean energy transition

PDF, 254 KB, 17 pages

Details

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.

Published 31 March 2021
Last updated 21 December 2023 + show all updates

1. 21 December 2023

   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

2. 31 March 2021

   First published.