Decarbonisation and Green Finance

Treasury Committee Closed Inquiry
Opened: 3 Mar 2020 Closed: 20 Jan 2022 Parliament page
The Treasury Committee has re-launched an inquiry into the decarbonisation of the UK economy and green finance. This inquiry will scrutinise the role of HM Treasury, regulators and financial services firms in supporting the Government’s climate change commitments. It will also examine the economic potential of decarbonisation for the UK … Read more
21 Recommendations
3 Conclusions
1 Report
10 Letters
5 Events
Activity timeline 12 events
16 Jul
2021
Report published
22 Apr
2021
Report published
7 Jan
2021
Correspondence
15 Dec
2020
Correspondence
10 Dec
2020
Correspondence
26 Nov
2020
Correspondence
4 Nov
2020
Correspondence
1 Oct
2020
Correspondence
11 Mar
2020
Correspondence
11 Mar
2020
Correspondence
11 Mar
2020
Correspondence
10 Mar
2020
Correspondence
Title HC No. Published Items Response
Thirteenth Report - Net zero and the Future of Green Finance HC 147 22 Apr 2021 24 Responded
Recommendations & Conclusions
3 results
Clear
19 Recommendation Deferred
Thirteenth Report - Net zero and t…
The Government’s Green Finance Strategy noted the need for innovation in green finance products and...
The Government’s Green Finance Strategy noted the need for innovation in green finance products and services, yet the evidence we have received suggests that the pace of innovation could be accelerated and that more could be done to encourage take-up. … Read more
Government Response
The government redirected the committee to the FCA's response for information on encouraging innovation in green finance products and tackling regulatory barriers.
HM Treasury
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20 Recommendation Deferred
Thirteenth Report - Net zero and t…
The Prudential Regulation Authority and Financial Conduct Authority should move quickly to incorporate their revised...
The Prudential Regulation Authority and Financial Conduct Authority should move quickly to incorporate their revised remits to include climate change. We will continue to monitor their progress and ongoing approach to the risks arising from climate change. Read more
Government Response
The government redirects the committee to the responses from the Financial Conduct Authority and the Bank of England for further information on this matter.
HM Treasury
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21 Recommendation Deferred
Thirteenth Report - Net zero and t…
We have heard differing evidence on whether there should be amendments to the capital regimes...
We have heard differing evidence on whether there should be amendments to the capital regimes to promote net zero. In light of its new remit letter, the Bank of England must now explain its thinking, as to what measures it … Read more
Government Response
The government redirected the committee to the Bank of England's response for information on measures for the capital regime to accommodate climate risk.
HM Treasury
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Government Response AI assessment · 24 of 21 classified
Accepted 13
Accepted in Part 1
Acknowledged 3
Deferred 3
Not Addressed 4
Total 21 recs + 3 conclusions
Correspondence 10 letters
7 Jan 2021 To committee Letter from Economic Secretary relating to Decarbonisation and Green Finance, dated 16 December 2020
Parliament page
15 Dec 2020 To committee Letter from the Exchequer Secretary relating to the Committee session on 16 November, dated 23 November 2020
Parliament page
10 Dec 2020 To committee Letter from Director General Association of British Insurers relating to Decarbonisation inquiry, dated 23 November 2020
Parliament page
26 Nov 2020 To committee Letter from the Co-Chair of the Association of Member Nominated Trustees relating to Inquiry into decarbonisation and green finance, dated 28 October 2020
Parliament page
4 Nov 2020 To committee Letter from Sarah Breeden, Executive Director, Prudential Regulation Authority, following the evidence session on 30 September 2020, dated 19 October 2020
Parliament page
1 Oct 2020 To committee Letter from Chris Cummings, Chief Executive, the Investment Association, relating to the Committee's evidence session on 3 September, dated 24 September
Parliament page
11 Mar 2020 To committee Letter from Chair to Governor regarding Climate Risk 20200203
Parliament page
11 Mar 2020 To committee Letter from Chair to FCA CEO Andrew Bailey regarding Climate Risk 20200203
Parliament page
11 Mar 2020 Governor to Chair letter regarding Climate Risk
Parliament page
10 Mar 2020 From committee AJB CEO of FCA letter to Chair regarding Climate Risk
Parliament page