On Tuesday 29 March, the Economic Affairs Committee holds its next evidence sessions on UK energy supply and investment.
At 3pm, the Committee will hear virtually from Mike Zehetmayr, Financial Services Risk, Compliance and Regulatory Technology Leader, EY and Sonja Gibbs, Managing Director and Head of Sustainable Finance, Institute of International Finance
At 4pm, the Committee will hear from Simon Virley, Vice Chair, KPMG and Steve Smith, Head of Group Strategy, Market Fundamentals and Internal Consulting, National Grid
Questions the committee are likely to cover in this session:
- Should regulators and central banks treat climate change risk differently from other systemic risks?
- Should financial institutions be divesting - or not lending more - to fund oil, gas, and LNG plants in the near future?
- How important are climate-related financial disclosures? Will they help price risk more effectively, and encouraging investment in renewables and divestment from fossil fuels?
- What changes need to be made to the grid to support the transition to net zero?
- What specific business models, or other non-financial interventions, could be used to scale up hydrogen and drive down costs?
- How can Government ensure that there is sufficient investment in the integration technologies (such as storage, interconnectors and other grid infrastructure) to provide a stable and affordable power supply?
Meeting details
The committee’s work can be followed on its website and via Twitter.
The committee’s UK energy supply and investment inquiry is finding out if the Government’s energy strategy is delivering investment in an energy supply that is resilient, affordable and in line with achieving net zero emissions. The focus of this inquiry is on long-term energy policy and trends in the energy market.