Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if she will make an assessment of the effectiveness of green bonds issued by (a) Bruce Power and (b) Ontario Power Generation in Canada.

The UK’s Green Financing Programme (Green Gilt) is a key pillar of the UK government’s green finance agenda, raising money to fund projects with clearly defined climate or environmental benefits. There is significant demand from investors for these products, and it is expected that the ongoing Green Financing Programme will help catalyse further growth of the corporate green bond market. The Government would not normally assess or comment on specific corporate green bond issuances, but we are in the process of establishing a UK Green Taxonomy, which will provide a robust classification system for green economic activities.