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Written question asked by Lord Taylor of Warwick (Non-affiliated) on Tuesday, 2 July 2019, in the House of Lords. It was due for an answer on Tuesday, 16 July 2019. It was answered by Lord Young of Cookham (Conservative) on Tuesday, 9 July 2019 on behalf of the Treasury.


Financial Services

Question

To ask Her Majesty's Government what steps they are taking to invest in infrastructure projects in the UK financial services industry to help address climate change.

Answer

On 2nd July, the Government launched its Green Finance Strategy with the ambition to align private sector financial flows with clean, environmentally sustainable and resilient growth, and strengthen the competitiveness of our financial sector. The strategy outlines how we will drive the greening of the financial system and help mobilise private sector finance to meet our environmental objectives, including through infrastructure projects in the UK and overseas. We have also worked with the City of London to launch the Green Finance Institute on 2nd July.


Secondary information

Type
Written question
Reference
HL16886
Session
2017-19
Subjects
Climate change Financial services Infrastructure
Contains statistics
Yes
Link
View this Written question on www.parliament.uk