Treasury written question – answered at on 24 March 2026.
Jo White
Labour, Bassetlaw
To ask the Chancellor of the exchequer, whether sovereign-linked biodiversity and carbon certificates are an investable environmental asset class within the Green Financing Framework.
Lucy Rigby
The Economic Secretary to the Treasury
The UK Green Financing Framework, published in June 2021 and updated in November 2025, governs the UK Green Financing Programme. The Programme raises funds through the issuance of green gilts and NS&I’s retail Green Savings Bonds to finance public expenditure that can demonstrate a direct and positive climate or environmental impact.
The Framework defines the categories of expenditure that are eligible for green financing. Eligible expenditures are drawn from departments’ confirmed settlements through the Spending Review process and are assessed on the basis of their contribution to the government’s climate and wider environmental objectives.
The Framework governs the raising of financing for green public spending where biodiversity and credit certificates are not in scope.
Yes1 person thinks so
No0 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
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