Sustainable Development

(asked on 9th February 2022) - View Source

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 will take to ensure that plans for the UK taxonomy are robust and lead to effective progress towards a more sustainable world.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 25th February 2022

In October 2021, the Government published ‘Greening Finance: A Roadmap to Sustainable Investing’, which set out its approach to economy-wide Sustainability Disclosure Requirements, including reporting against the UK Green Taxonomy. This underlines the Government’s commitment to the taxonomy being science-based, accessible, and built for the UK to support a global transition to net zero. The Government has been working with the Green Technical Advisory Group and the Energy Working Group during the development of draft Technical Screening Criteria to achieve this ambition.

As the Prime Minister has stated, the Government intends to consult on the inclusion of nuclear in the draft technical standards for a UK green taxonomy and the development of Technical Screening Criteria is currently ongoing. As set out in the Roadmap, the Government expects to consult on draft Technical Screening Criteria in coming months, ahead of legislating by the end of the year.

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