To ask the Chancellor of the Exchequer, with reference to paragraph 63, page 48, of the report entitled Mobilising Green Investment: 2023 Green Finance Strategy, published in March 2023, for what reason the launch of the consultation on the next stage of the UK Green Taxonomy process has been delayed.

The Government remains committed to delivering a UK Green Taxonomy to support an increase in financing for activities supporting the transition to net zero and delivering on UK environmental objectives.

Developing a usable and useful Taxonomy is a complex and technical exercise, linked to multiple sectors of the economy and various legislative and regulatory frameworks.

The Government continues to work at pace and expects to publish the consultation shortly.