Commons Sense

House of Commons · Ministers' Questions

Green Bond

Tuesday 7 July 2020 · 1 question

Summarised by AI from the official record, so it can contain mistakes.

Read the full transcript on Parliament.uk

At a glance

Answered 1 Partly answered 0 Not answered 0

Key points

  • Ministerial Questions took place on 2020-07-07
  • Ben Lake inquired about the government's plans to issue a green bond
  • The government responded that they continue to examine all financing options including green bonds due to the changing environment caused by the crisis

Topics (select to filter)

Questions & Answers

Q1 Ben Lake PC Dwyfor Meirionnydd
Economy Climate
Context

The UK Government is considering the potential issuance of a sovereign green bond.

Question

What plans does the government have to issue a green bond? Green bonds can raise capital investment and operational expenditure for the green transition, as evidenced by Quebec's recent issuance. Will the Government also consider enabling the Welsh Government to issue such a bond?

Answer from John Glen (Minister of State for Wales and Financial Secretary to the Treasury)

Debt handling is currently a significant challenge. The core gilt programme remains the most stable and cost-effective way to manage financing needs. We will continue to look constructively at all options, including green bonds, in light of the changing environment caused by this crisis.

Answered
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