Private Sector: Environment and COP 26

Baroness Prashar Excerpts
Wednesday 7th July 2021

(2 years, 9 months ago)

Lords Chamber
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Lord Callanan Portrait Lord Callanan (Con)
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I agree with the points made by my noble friend. The Government’s ambition is for the UK to be the best place in the world for green and sustainable investment. ESG funds are a crucial part of this. The Chancellor used his Mansion House speech on 1 July to announce a set of ambitious new policies to drive forward this important agenda.

Baroness Prashar Portrait Baroness Prashar (CB)
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My Lords, I refer to my interests as set out in the register. Can the Minister tell the House what steps the Government are taking to deliver decarbonisation of the existing housing stock and how they are supporting the delivery of the pipeline of skills required to undertake this work?

Lord Callanan Portrait Lord Callanan (Con)
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The Government are making substantial progress in this area. The noble Baroness will be aware that we will be publishing our heat building strategy shortly, which will help to set out this path. We are already doing a lot through a number of targeted investments, through the local authority delivery fund and the social housing decarbonisation fund, to help those on the lowest incomes to decarbonise their houses and properties.