MPs have launched a wide-ranging investigation looking at how the UK Government aims to fulfil its pledge to become a “world leader” in green finance. The inquiry will focus on key issues such as the UK’s post-Brexit relationship with the European Investment Bank, which has invested more than £13.4bn into the British economy on climate projects over the past five years. MPs will also look at how company reporting on climate liabilities and risks can be encouraged by the Government. They will investigate whether the Task Force on Climate-related Financial Disclosures’(TCFD) voluntary approach is sufficient to boost climate-risk disclosure. The measures set out in the Clean Growth Strategy to accelerate the UK’s green finance capabilities will be scrutinised by the Environmental Audit Committee (EAC), which is inviting written submissions on whether the UK is likely to reach levels of investment needed to meet its environmental commitments.
Edie 27th Nov 2017 read more »