Green Finance Debate
Full Debate: Read Full DebateDepartment: Department for International Development
Lord Gadhia
Main Page: Lord Gadhia (Non-affiliated - Life peer)Department Debates - View all Lord Gadhia's debates with the Department for International Development
(6 years ago)
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Lord Bates
I get the question, but I do not necessarily agree with it. Green finance is exciting and is growing, and the City of London is at the forefront internationally. We are ranked third in the league table that the noble Lord mentioned, but first for the quality of the green finance. Our approach is that where the private sector—the City—provides leadership in developing these investments, that is the best outcome and the Government should support it through our strategy but should not necessarily participate and potentially crowd it out.
Lord Gadhia (Non-Afl)
My Lords, having dinner yesterday evening with the CEO of the London Stock Exchange, Nikhil Rathi, made me aware that green finance is one of its big priorities, including the establishment of a green sustainable investment centre. Will my noble friend join me in welcoming the development of green indices which can prompt institutional investors to shift their asset allocation to sustainable investments?