Anthony Browne
Main Page: Anthony Browne (Conservative - South Cambridgeshire)Department Debates - View all Anthony Browne's debates with the HM Treasury
(3 years, 3 months ago)
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Rishi Sunak
The hon. Lady’s party called specifically for that money to be used to support small businesses and high streets; indeed, not only have we just done that but we have done it to the tune of £4.5 billion, not the £2 billion that her party was calling for.
Anthony Browne (South Cambridgeshire) (Con) [V]
Green finance has a crucial role to play if we want to build back better and transition to a net zero economy by 2050. The UK has a critical role in the development of the sector internationally, not just as a global leader in finance but with this year’s presidency of COP26 and chairmanship of the G7. Will the Chancellor outline for the House what he is doing to develop the vital green finance sector?
Rishi Sunak
My hon. Friend makes an excellent point: not only are we leading in the world in reaching our net zero targets but we are a global financial centre, and we have combined the two to lead the greening of the financial system, which is an opportunity for us. We are going to issue a sovereign green bond this year and will be the first major economy to make mandatory the climate-related financial disclosures recommended by the international taskforce, which will help to cement our global leadership. I look forward to hearing from my hon. Friend the other things that we can do in this vital year for our journey to net zero.