On the 18th January 2018 the House of Lords debated a motion from Lord Teverson that “this House takes note of the case for the United Kingdom to remain a global leader for green finance, and for the United Kingdom’s financial sector to be resilient to climate change.” The Bishop of Durham, Rt Revd Paul Butler, spoke in the debate:
The Lord Bishop of Durham: My Lords, I add my thanks to the noble Lord, Lord Teverson, for securing this debate. This year’s COP 24 UN climate change conference will be a crucial opportunity for the world to accelerate its climate ambitions in order to try to meet the 1.5 degree Paris commitment. This country faces a choice: do we want to lead the charge on this or drag our heels somewhere near the back? I welcome the UK Government’s recent focus on environmental issues. Initiatives such as the green finance task force, the endorsement of the Financial Stability Board’s task force on climate-related financial disclosure and the UK’s setting up of the Powering Past Coal Alliance at COP 23 all show how we are influencing discussions at global climate change meetings. Continue reading “Bishop of Durham urges Government to keep UK a global leader in green finance”
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