Renewable Fuels
The question
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of including renewable liquid gases in the green taxonomy.
Answered by Tulip Siddiq
The purpose of implementing a green taxonomy is to support investment into activities aligned with sustainability goals, and to mitigate greenwashing.
However, the government is aware that taxonomies can be complex in practice, and feedback on their value is mixed. The government has therefore published a consultation to gather views on the value case for launching a UK Green Taxonomy as part of a wider sustainable finance framework.
At this stage in the consultation process, the government is not seeking feedback on the detail of the sectors for inclusion. Instead, the government is focused on the bigger picture of whether and how this can be a useful tool for companies and investors.
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