Thread by @CommonsTreasury

The next evidence session for our inquiry into #decarbonisation of the UK economy and #GreenFinance is just about to start.

📺Watch it live here👇

parliamentlive.tv/Event/Index/0f…

And we're off!

📺Watch it live here👇

parliamentlive.tv/Event/Index/0f…

.🗣️@emilyshuckburgh tells us that we've experienced what a global shock looks like with #coronavirus, adding that "the state of our climate, if we do not address that, is going to create a much greater global shock."

🗣️Chris Cummings from @InvAssoc tells us that the UK should use the current crisis as an opportunity to establish itself as a global centre of Environmental, Social and Governance investing.

🗣️@DanielOKlier tells us that there is evidence that climate-aligned investments outperformed the market by 10% over the six month crisis period.

But recent regulatory changes have made it more difficult to hold elongated investments.

🗣️Explaining why climate-aligned investments outperformed the market, @DanielOKlier said that the crisis has emphasised industries with a low carbon footprint, and exposed those with a high carbon footprint.

Due to a vote in the @HouseofCommons, the evidence session has been suspended for 15 minutes.

🔜Another vote has delayed the session resuming. We'll be back shortly.

We're back, with questions from @rushanaraali to @NVJRobins1 for our inquiry into #decarbonisation of the UK economy and #GreenFinance.

📺Watch it live here👇

parliamentlive.tv/Event/Index/0f…

Last up, @ab4scambs asks about transition finance to bridge the gap from brown to green parts of the economy.

@DanielOKlier said that there are no significant regulatory barriers that are preventing this from happening.

That's all for today. Thanks to all of our witnesses for providing evidence to our inquiry into #decarbonisation of the UK economy and #GreenFinance.

Watch it on demand here:

parliamentlive.tv/Event/Index/0f…

Join us for our next session on Tue 15 Sep at 9.30am on #TaxAfterCoronavirus.