Government Securities: Environment Protection

Treasury written question – answered on 21st July 2020.

Alert me about debates like this

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of issuing green gilts.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what steps he is taking to encourage companies to invest in (a) green bonds and (b) other climate friendly financial schemes.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what recent discussions he has had with his counterparts in (a) France, (b) Poland, and (c) the Netherlands on the issuing of green gilts.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what steps he is taking to support UK investors who want to provide long-term funding for socially and environmentally beneficial projects in the (a) public and (b) private sectors.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what steps he is taking to raise revenue from the selling of green gilts to fund private sector environmental initiatives with much longer time horizons than would usually be supported by the equity markets.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what steps he is taking to use green gilts to help the Government achieve net zero by providing the capital for (a) roadside charging infrastructure, (b) renewable energy and (c) retrofitting homes with efficient appliances.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of issuing green gilts in the UK.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, if he will take steps to promote green gilts and to raise awareness of their similarities to conventional bonds in order to increase investor confidence.

Photo of Alexander Stafford Alexander Stafford Conservative, Rother Valley

To ask the Chancellor of the Exchequer, what plans he has to close the gap between the sterling denominated green debt and the amount of global green debt issued by foreign governments.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The government has been carefully considering the potential issuance of a UK sovereign green bond and will keep this under review. In considering new policy, the government engages with a range of stakeholders, including foreign governments, in order to be fully informed of different viewpoints.

The government published its Green Finance Strategy last year, which includes the ambition to align private sector financial flows with clean, environmentally sustainable and resilient growth, and strengthen the competitiveness of the UK financial sector. The government continues to support the financial services sector and firms in their capability, competitiveness and the transition to net zero, including through the recently launched Green Finance Education Charter and work with the Task Force on Climate-Related Financial Disclosures.

Does this answer the above question?

Yes1 person thinks so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.