Written questions by White.

What role UK Export Financing plays in supporting British firms with environmental credit investments.

UK Export Finance (UKEF) has not supported any environmental credit investments to date.UKEF supports clean growth exports and has included a clean growth and transition objective in its Business Plan for 2024-2029, which will seek to position UK exporters and suppliers at the heart of the global low‑carbon transition. In support of this, UKEF aims to provide £10 billion of clean growth finance to accelerate the UK’s green export sector by 2029.

What discussions the UK–Brazil Joint Economic and Trade Committee has had on cooperation on nature markets and carbon finance.

The UK-Brazil Joint Agricultural Committee, led by Defra, engages in discussions relating to sustainable agriculture. Recent discussions have covered topics including green fertiliser partnerships and collaboration on agricultural technologies. The UK and Brazil also have a number of bilateral initiatives on green finance, some of which sit under the UK PACT (Partnering for Accelerated Climate Transitions) programme.

Whether he is considering establishing a formal UK–Brazil Green Trade Corridor to support legal certainty for environmental credit investments.

HMG recognises the importance of Green Corridors in demonstrating clean maritime technologies and laying the foundation for widespread decarbonisation. We are focussed on delivering this change through the International Maritime Organization and domestic action as set out in the Maritime Decarbonisation Strategy. In doing so, we expect this to incentivise and support industry to deliver Green Corridors from the UK and globally. Brazil is an important partner on climate and decarbonisation: we have several bilateral initiatives on green finance, some of which sit under the UK PACT (Partnering for Accelerated Climate Transitions) programme.