(2 years, 1 month ago)
Commons ChamberFracking will take place only where there is community consent.
(4 years, 10 months ago)
Commons ChamberIt is a great pleasure to welcome my hon. Friend to her place. The clean growth strategy sets out our proposals to decarbonise our economy during the 2020s. This will build on existing Government spending, including £2.5 billion for low-carbon innovation between 2015 and 2021, £1 billion for ultra low emission vehicles and £4.5 billion for the renewable heat incentive.
I thank my hon. Friend for his reply. I am sure he is aware of the immense appetite within London’s financial and professional services community to invest in green infrastructure and the rapid development of the green and sustainable bonds market. Is he therefore willing to meet me and representatives of the Corporation of London to discuss how Her Majesty’s Treasury can further advise and support further investment in green infrastructure and private finance, and its backing of that?
My hon. Friend is absolutely right. The UK is already a global centre for green finance, but we need to do more. That is why the Government published a green finance strategy last July and why we have launched the Green Finance Institute, in close collaboration with the City of London—precisely to drive these outcomes. My hon. Friend the Economic Secretary will be happy to meet her at the earliest opportunity to progress this.