PARLIAMENTARY WRITTEN QUESTION
Net Zero Review (19 May 2021)

To ask the Chancellor of the Exchequer, with reference to the Treasury Committee report, Net Zero and the Future of Green Finance, published on 22 April 2021, what plans he has to ensure that there is a (a) clear timetable and (b) legislative pathway to deliver a UK taxonomy ahead of COP26 in November 2021.

Asked by:
Pat McFadden (Labour)

In November 2020, the Chancellor announced that the UK would implement a Green Taxonomy to create a common understanding of which economic activities are environmentally sustainable, improving understanding of the impact of firms’ activities and investments on the environment.

The Government is required to make Technical Screening Criteria (TSC) via secondary legislation for climate change mitigation, and climate change adaptation no later than 1 January 2023. These TSC will be subject to appropriate, open consultation prior to making.

Answered by:
Mrs Kemi Badenoch (Conservative)
27 May 2021