Environmental Audit Committee - Twelfth Report
Green Finance

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Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 26 February 2014.

Contents

Terms of Reference

Summary

1 The need for green finance

Commitments and mechanisms to reduce carbon emissions

Green finance 'gap'

2 Providing information to direct finance

Risk appetite

Regulatory certainty

Providing investors with information to assess risk

Carbon 'bubble'

Carbon reporting

Fiduciary duty

3 Government funding and support

Green Investment Bank

Ability to borrow

Energy efficiency

Community energy

Sources of funding

New sources of finance

4 A green finance strategy

Conclusions

Recommendations

Formal Minutes

Witnesses

Published written evidence

List of additional written evidence

List of Reports from the Committee during the current Parliament

Oral and written evidence

Wednesday 26 June 2013: James Leaton, Project Director, Carbon Tracker Initiative, and Dr Nicola Ranger, Senior Research Fellow, Grantham Research Institute on Climate Change and the Environment.
Michael Liebreich, Chief Executive, Bloomberg New Energy Finance, Donald MacDonald, Trustee, BT Pension Scheme and Chair of the Institutional Investors Group on Climate Change, and David Russell, Co-Head of Responsible Investment, Universities Superannuation Scheme Investment Management.

Thursday 12 September 2013: Shaun Kingsbury, Chief Executive Officer, Green Investment Bank, Tessa Tennant, Non-Executive Director, Green Investment Bank, and Jonathan Maxwell, CEO and Co-Founding Partner of Sustainable Development Capital.

Monday 11 November 2013: Josh Ryan-Collins, Senior Researcher, Finance and Business Team, New Economics Foundation, Catherine Howarth, Chief Executive Officer, ShareAction, Stephanie Maier, Head of Corporate Responsibility, Aviva Investors, and Ian Simm, Chief Executive, Impax Asset Management, Steering Committee, Low Carbon Finance Group.

Wednesday 20 November 2013 Robert Rabinowitz, Chief Executive, Pure Leapfrog, James Vaccaro, International Head of Corporate Development, Triodos Bank, and Mike Smyth, Energy 4All, and Wey Valley energy cooperatives.

Wednesday 11 December 2013 Rt Hon Michael Fallon MP, Minister of State for Business and Enterprise, Department for Business, Innovation and Skills, and Minister of State for Energy, Department of Energy and Climate Change.

Written evidence

Additional written evidence (unprinted)

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Prepared 6 March 2014