Oral Answers to Questions Debate

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Department: Cabinet Office

Oral Answers to Questions

Wera Hobhouse Excerpts
Wednesday 2nd March 2022

(2 years, 9 months ago)

Commons Chamber
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Wera Hobhouse Portrait Wera Hobhouse (Bath) (LD)
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Reuters reports today that data show that the corporate world remains far from aligned with global climate goals and that some countries have gone backwards since the agreement. What does the President have to say to that?

Lord Sharma Portrait Alok Sharma
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There is clear recognition within the private sector that net zero is the right approach. It is obviously what customers and clients want, but it is also good for the bottom line. My hon. Friend the Member for Kensington (Felicity Buchan) referred to $130 trillion of assets being committed to net zero, and we need to ensure that those commitments are in line with the science. That is one of the things that the UN Secretary-General is looking to do through his expert group.