Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he plans to support the growth of green investment and finance beyond the delivery of the fifth carbon budget.

The UK is a world leader in green finance. The transition to a low-carbon economy is a major opportunity for the UK, and our world leading financial system is key to that transition. Our domestic climate change commitments, and the global targets of the Paris Agreement, present a great investment opportunity for the private sector. The Green Finance Taskforce published their report in March, outlining a set of wide-ranging and ambitious recommendations for Government. We are considering these recommendations and will respond in due course. We are determined to maintain the UK’s position as a world-leader in green finance in the long term, capitalising on the opportunities arising from Clean Growth.