Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what role a) climate and b) nature experts perform in the creation of economic policy in her Department.

HM Treasury works across government to leverage expertise on climate and nature issues. HM Treasury also engages extensively with external stakeholders to inform related economic policy, as we recognise the value of incorporating expertise from outside government in addition to our internal capability.

The Green Book requires HM Treasury and other government departments to assess the climate and environmental impacts of policy proposals as part of their appraisal of costs and benefits. Within that, the Department for Environment, Food and Rural Affairs has issued supplementary guidance for policy makers to consider the value of a natural capital approach. Similarly, the Department for Energy Security and Net Zero has issued supplementary guidance on the valuation of energy usage and greenhouse gas emissions.