Climate Change Policy

Part of the debate – in the House of Commons at 7:53 pm on 23rd April 2019.

Alert me about debates like this

Photo of Claire Perry Claire Perry The Minister of State, Department for Business, Energy and Industrial Strategy, Minister of State (Business, Energy and Industrial Strategy) (Energy and Clean Growth) 7:53 pm, 23rd April 2019

Some of the most important meetings I have been lucky enough to have in this role have been with faith groups. Interfaith groups work extremely well, setting their own targets and using the significant power of their own investment might to effect change. During our first Green Great Britain Week, people asked, “What else can I do? I have turned off my lights; I am cycling a lot; and I am recycling.” The most effective thing we can do is to think hard about our pension funds—either through our investments or by lobbying trustees, such as those of the House of Commons scheme—because it is 27 times more effective to get an institutional investor to make the shift. The good news is that that is happening right across the world, and amazing groups, such as the Church groups, are doing it in the UK. That is the power of market forces, and such actions will dwarf the amount of money that Government are investing in this low-carbon transition.