Baroness Boycott
Main Page: Baroness Boycott (Crossbench - Life peer)(3 years, 7 months ago)
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Baroness Penn (Con)
My Lords, the reason for moving the Green Investment Bank into the private sector in 2017 was to allow it to raise equity from private finance sources to increase the amount of investment going into these sectors. In addition, the Government have launched the Clean Growth Fund, a venture capital fund that will match fund with a charity that invests in new businesses looking to accelerate the commercialisation of innovative new technologies.
Baroness Boycott (CB)
On 29 June this year there was a Question about reducing emissions and ensuring sustainable aviation. The Minister, the noble Baroness, Lady Vere of Norbiton, responded that the Jet Zero Council had recently been set up and would look at these issues. Could the Minister report to the House on the progress of those discussions and whether there is any further progress in investing in sustainable aviation, such as the electrification of short-haul flights and cleaner fuels?
Baroness Penn (Con)
I am afraid I have to tell the noble Baroness that I do not have the details of the progress of that particular initiative with me. I will write to her on that matter.