Wines
The question
To ask the Chancellor of the Exchequer, pursuant to the Answer of 9 July 2025 to Question 64049 on Alcoholic Drinks, what assessment her Department has made of the potential impact of the (a) production of organic wines and sparkling wines in British vineyards and (b) use of renewable technologies on achieving environmental objectives, in the context of green bond objectives.
Answered by Emma Reynolds
The Green Financing Programme’s objective is to raise funds via green gilts and retail Green Savings Bonds for policies with a positive climate or environmental impact. All eligible policies financed by the Programme are drawn from policies agreed by HM Treasury and departments in the Spending Review.
In the context of the Green Financing Programme, HM Treasury does not conduct impact assessments of existing or potential policies. Spending departments are responsible for the decision to conduct ex-ante or ex-post impact assessments of their policies.
HM Treasury does publish a biennial Impact Report of policies funded via the Green Financing Programme, using data from other departments. The most recent such report was published in September 2023 and can be found via the following website link: https://assets.publishing.service.gov.uk/media/651446cdb1bad4000d4fd916/HMT-UK_Green_Financing_Allocation_Impact_Report_2023_Accessible.pdf
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