Environmental Protection and Green Growth

My experience in this House is that Yorkshire MPs believe that life starts and finishes in Yorkshire, and I am sure the green investment bank will find a way of investing in my hon. Friend's constituency—and elsewhere. We will come to the House with more details in the near future. We were talking earlier about whether the concepts of green and growth were complementary or at odds with each other. We firmly believe they are complementary. The environment is an economic issue. Better management of natural resources is a financial and environmental opportunity. That is recognised by the Government and leading businesses. The waste review and the natural environment White Paper underlines that by putting resource efficiency and the natural environment at the heart of economic growth. Broader initiatives either already delivered or in the pipeline include electricity market reform, the renewable heat incentive and the green deal, which is the largest retrofit project. The Government also have an initiative, ““Enabling the transition to a green economy””, which is being led by the Department for Environment, Food and Rural Affairs, DECC and the Department for Business, Innovation and Skills. It brings together under one heading all of our ambitions and plans for moving towards a green economy. To help in that, we have set up the Green Economy Council, chaired by the Secretaries of State for BIS, DEFRA and DECC, which brings together more than 20 business leaders from leading businesses and business groups ranging from Ford to Waitrose. It provides an open forum for business to work with Government to address the challenges of creating the green economy and to facilitate growth opportunities. I wish to highlight two ways in which we are hard-wiring natural capital across government, and I referred to that in passing earlier. We are working with the Office for National Statistics to include natural capital in the UK environmental accounts. We are also setting up a natural capital committee—an independent advisory committee reporting to the Economic Affairs Committee—to provide expert advice on the state of England's natural capital. We will be advertising for a chair and members this year. That develops one of the key objectives put forward by GLOBE International—my hon. Friend the Member for Beverley and Holderness and the hon. Member for Brent North (Barry Gardiner) are such able vice-chairmen for that organisation. We are also establishing a business-led ecosystems market taskforce to review the opportunities for UK business from expanding green goods, services, products, investment vehicles and markets, which value and protect nature's services. I shall now move on to more specific issues. Earlier this year, we published our waste review, which is a comprehensive look at prevention, reuse, recycling, recovery and disposal, aiming for a zero-waste economy. It provides a broader picture than recycling targets and sets us on a path towards a greener, more innovative economy that values waste as a resource and an opportunity for jobs.