VoteClimate: Financial Services Reforms - 11th July 2023

Financial Services Reforms - 11th July 2023

Here are the climate-related sections of speeches by MPs during the Commons debate Financial Services Reforms.

Full text: https://hansard.parliament.uk/Commons/2023-07-11/debates/D8EBB333-7C39-4C9C-9C0B-2EF226F5168D/FinancialServicesReforms

12:47 Tulip Siddiq (Labour)

I acknowledge and indeed welcome the fact that in some areas the Government are rather belatedly starting to follow Labour’s lead, but what has taken them so long? Where was the urgency, the ambition and the drive? Can the Minister explain why there was nothing at all in the Chancellor’s speech on green finance? That complacency puts our status as a net zero financial centre at risk.

Finally, the hon. Lady talked about green finance. This Government are doing a copious amount on green finance; only yesterday my right hon. Friend the Secretary of State for Energy Security and Net Zero met some of the world leaders in green finance, and earlier this year we published an ambitious green finance strategy, continuing the UK’s progression to being one of the world’s first net zero-aligned financial centres.

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