Oral Answers to Questions

Debate between Sally-Ann Hart and Mike Freer

Thursday 16th June 2022 Commons Chamber

[Sally-Ann Hart (Hastings and Rye) (Con)]

T5. My constituents in beautiful Hastings and Rye are concerned about the environment and climate change, but they are also aware that our local businesses need to expand their trade exports across the globe to benefit from post-Brexit freedoms. What steps is my hon. Friend taking to tackle climate change through trade policy?

[The Parliamentary Under-Secretary of State for International Trade (Mike Freer)]

Last month the Secretary of State set out priorities for green trade, both in the global green transition and in maximising opportunities for the UK by driving global action on trade and the environment multilaterally through our engagement in the G7 and the World Trade Organisation while strengthening bilateral co-operation through our free trade agreement agenda. By 2030, low-carbon industries could generate up to £170 billion-worth of UK exports. For example, UK Export Finance’s climate change strategy commits it to achieving net zero across its portfolio and operations by 2050. In 2021, UKEF provided £3.6 billion-worth of support for sustainable projects, an increase of 50% on the previous year.