Question to the HM Treasury:

To ask the Chancellor of the Exchequer, when his Department will publish the UK's Green Taxonomy.

The Government is committed to implementing a green taxonomy as part of its sustainable finance agenda.

However, the Government is clear that the value of a taxonomy rests on its credibility as a practical and useful tool for investors, companies, consumers, and regulators in supporting access to sustainable finance.

These are long term matters, and it is important to proceed carefully. Having received advice from the Green Technical Advisory Group, and following stakeholder engagement, the Government believes that there is benefit in reviewing its approach to taxonomy development to maximise the effectiveness of our sustainable finance agenda.

We’ll be setting out next steps in the Green Finance Strategy in the coming months.