Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to engage with regulators to ensure the necessary support for market development for investment in green industry.

The Government is committed to creating the required market conditions to mobilise investment into green industries. Many of the UK’s regulators will play a role in facilitating delivery of the infrastructure, technologies and activities that will deliver the net zero transition. In the the Net Zero Strategy, the Government set out several examples of how it is working with different regulators for example on the publication of the Strategic Policy Statement for Ofgem. The Government is working closely with regulators including FCA, the Bank of England, and IFRS to roll out climate-related disclosures, to provide confidence to businesses and investors on the risks and opportunities within UK green industries.