Source · Select Committees · Treasury Committee
Thirteenth Report - Net zero and the Future of Green Finance
Treasury Committee
HC 147
Published 22 April 2021
Government response
Net Zero and the Future of Green Finance: Responses to the Committee’s Thirteenth Report of Session 2019-21 · published 16 Jul 2021
Recommendations & Conclusions
19
Recommendation
Deferred
Para 149
The Government’s Green Finance Strategy noted the need for innovation in green finance products and...
Recommendation
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. …
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Government Response Summary
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
Para 154
The Prudential Regulation Authority and Financial Conduct Authority should move quickly to incorporate their revised...
Recommendation
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.
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Government Response Summary
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
Para 168
We have heard differing evidence on whether there should be amendments to the capital regimes...
Recommendation
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 …
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Government Response Summary
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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