UK Government Consults on Green Finance Strategy

The UK government has issued a Call for Evidence supporting its proposed updates to the ‘Green Finance Strategy’, which will be published later this year. Respondents have until 22 June. The Green Finance Strategy, originally published in July 2019, aims to support the financial services sector as it aligns with the country’s net zero commitment, captures investment opportunities during the climate transition, and mobilises private investment at scale to support sustainable growth. As part of the strategy, the government has set out plans for a Net Zero-aligned Financial Centre, mandated Task Force on Climate-related Financial Disclosure-aligned reporting, and setting out a roadmap for Sustainable Disclosure Requirements (SDRs). “The UK government is committed to ensuring the UK continues to be at the forefront of the rapidly growing market for global green finance. Achieving net zero, adapting to climate change and restoring nature will see fast growth in green financial products and services to support these objectives, presenting a significant opportunity for UK business,” the document said.

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