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CDC

Volume 457: debated on Friday 23 February 2007

To ask the Secretary of State for International Development whether there are requirements for the CDC Group companies (a) to give preference to investments in renewable energy supplies and (b) to consider the carbon footprint of any investment. (121931)

A policy framework was set for CDC in 2004 as part of its reorganisation. This requires CDC to invest responsibly, and to comply with a set of agreed Business Principles. These include meeting appropriate environmental standards. However, they do not include any requirement to give preference to investments in renewable energy supplies or to consider the carbon footprint of investments.

Through its subsidiary Globeleq, CDC supplies energy in 18 developing countries and some 12 per cent. of this is currently from renewable sources.