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Written question asked by Virginia Crosbie (Conservative) on Friday, 24 February 2023, in the House of Commons. It was due for an answer on Wednesday, 1 March 2023 (named day). It was answered by Andrew Griffith (Conservative) on Wednesday, 1 March 2023 on behalf of the Treasury.


Environment Protection: Finance

Question

To ask the Chancellor of the Exchequer, whether he plans to update the UK Government Green Financing Framework, published in June 2021, to allow the proceeds of green gilts to be used for nuclear energy projects.

Answer

As set out in the British Energy Security Strategy, nuclear energy is a key part of the UK’s low-carbon energy mix alongside solar, wind and other energy sources. These technologies are important in tackling climate change and diversifying the UK’s supply, contributing to the UK’s energy security and sustainable growth.

The UK Government Green Financing Framework was set in June 2021, with its current exclusion of nuclear energy projects. Any changes to the Framework in the future to include nuclear energy would be transparently published by the Government.


Secondary information

Type
Written question
Reference
152317
Session
2022-23
Related items
Deposited Paper DEP2021-0530
Thursday, 1 July 2021
Deposited papers
House of Lords
House of Commons
Subjects
Finance Environment protection Nuclear power
Link
View this Written question on www.parliament.uk