Wednesday 15 July 2026,
14.30, Committee Room 8, Palace of Westminster
On Wednesday the Environmental Audit Committee explores how the
net zero transition should be financed as it continues its
inquiry into the Treasury's role in climate and nature policy.
MPs will question witnesses, including the Office for Budget
Responsibility (OBR) and former COP26 President Lord , on the economic and financial
measures the government could introduce to deliver its climate,
nature and environmental objectives.
The OBR have predicted that GDP could be 8% lower by the early
2070s due to climate change, with climate damage increasing
public sector debt by 56% of GDP.
The Committee is likely to use this session to consider how
climate change could impact the resilience and growth of the UK's
businesses and economy.
MPs are also likely to consider the Treasury's role in transition
finance and the potential impact of the UK's net zero transition
on the economy. MPs may explore what more could be done to
mobilise private investment in net zero and improve relations
between the government and the financial sector.
Witnesses
Panel one, from 14.30:
- Ben Howarth, Assistant Director and Head of Sustainability
and Climate, The Association of British Insurers
- Tom Josephs, Member of the Budget Responsibility Committee,
The Office for Budget Responsibility
- Toby Radcliffe, Policy Officer, Aldersgate Group
Panel two, from 15.30:
- Rt Hon Lord KCMG, Chair, Transition
Finance Council
- Jennifer Wu, Head of Sustainable Finance Innovation, City of
London Corporation; Head of Secretariat, Transition Finance
Council
Panel three, from 16.00:
-
, Chief Executive, UK
Sustainable Investment and Finance Association
- Jaya Sood, Senior Economist, New Economics Foundation
