Oral evidenceSelect & Joint CommitteesWednesday, 17 June 202614:00

Environmental Audit Committee: HM Treasury and the economics of climate and nature

Committee hears from witnesses

The Environmental Audit Committee will take oral evidence from HM Treasury on how the government values and accounts for climate change and natural capital in economic policymaking. The session examines whether Treasury decisions on spending, tax, and investment properly weigh the financial risks and opportunities of the climate and nature crises.

This scrutiny is nationally significant because the Treasury shapes all government spending and tax policy. If climate and nature risks are not factored into economic decisions, Britain risks misdirecting public money, failing to protect financial stability, and missing opportunities to build a sustainable economy. The hearing will test whether the government is genuinely integrating climate and environmental goals into core economic policy or treating them as separate concerns.

Committee mentioned:Environmental Audit Committee

Committee members

Barry GardinerLabour Party

Brent West

John WhitbyLabour Party

Derbyshire Dales

Jonathan DaviesLabour Party

Mid Derbyshire

Julia BuckleyLabour Party

Shrewsbury

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