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

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government is planning to issue green bonds to finance the 25 Year Environmental Plan.

Before issuing a new type of sovereign bond, such as a green bond, the Government would need to be satisfied that they would provide cost-effective financing for the taxpayer, and there would be sustainable demand. The UK’s private sector green bond market is already well established, facilitated by the London Stock Exchange’s comprehensive specialist offering. There are now over 65 green bonds listed on the LSE in seven currencies, worth over $20 billion.