Question to the Department for Transport:

To ask the Secretary of State for Transport, what support his Department is providing to the maritime sector to develop competitive green finance products and standards for green maritime finance in line with the Government’s Maritime 2050 strategy.

The Department recognises the vital role that green finance plays in supporting the UK’s transition to a clean and resilient economy. Our Clean Maritime Plan, represents the Government’s route map for achieving net zero emissions in domestic shipping by 2050. Through our Clean Maritime Plan, we will continue to work with the British banking sector, industry and across Whitehall to encourage the provision of finance towards zero emission shipping technology, development and manufacturing, supporting the Prime’s Minister’s Ten Point Plan for a green industrial revolution. Further plans for maritime decarbonisation will be included in the Transport Decarbonisation Plan, which is due to be published this year.