Select Committee · Treasury Committee

Decarbonisation and Green Finance

Status: Closed Opened: 3 Mar 2020 Closed: 20 Jan 2022 21 recommendations 3 conclusions 1 report

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 economy in terms of job … Show more

Clear

Reports

1 report
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

1 item
10 Recommendation Thirteenth Report - Net zero and the Fu… Accepted in Part

We note the debate at the Productive Finance Working Group Steering Committee on retail access...

We note the debate at the Productive Finance Working Group Steering Committee on retail access to the ‘long term asset fund’ (LTAF). There should be clarity about who will have access to the LTAF. The Chancellor and the financial regulators should set out the timeframe for the launch of the … Read more

Government response AI summary
The government states the FCA has consulted on LTAF rules, expected to be finalised in Autumn, but cannot commit to a launch timeframe as it's industry-led. It notes that while LTAFs can support net-zero transition, the FCA is not proposing to mandate investment in specific …
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HM Treasury

Correspondence

10 letters
DateDirectionTitle
7 Jan 2021 To cttee Letter from Economic Secretary relating to Decarbonisation and Green Finance, d…
15 Dec 2020 To cttee Letter from the Exchequer Secretary relating to the Committee session on 16 Nov…
10 Dec 2020 To cttee Letter from Director General Association of British Insurers relating to Decarb…
26 Nov 2020 To cttee Letter from the Co-Chair of the Association of Member Nominated Trustees relati…
4 Nov 2020 To cttee Letter from Sarah Breeden, Executive Director, Prudential Regulation Authority,…
1 Oct 2020 To cttee Letter from Chris Cummings, Chief Executive, the Investment Association, relati…
11 Mar 2020 To cttee Letter from Chair to Governor regarding Climate Risk 20200203
11 Mar 2020 To cttee Letter from Chair to FCA CEO Andrew Bailey regarding Climate Risk 20200203
11 Mar 2020 Governor to Chair letter regarding Climate Risk
10 Mar 2020 From cttee AJB CEO of FCA letter to Chair regarding Climate Risk