Mobilising Green Investment - 2023 Green Finance Strategy.
Type of law
Policy
Abstract
The Mobilising Green Investment - 2023 Green Finance Strategy (‘this Strategy’) is an update to the UK’s 2019 Green Finance Strategy. This Strategy aims to reinforce and expand the UK’s position as a world leader on green finance and investment, delivering five key objectives: 1. UK financial services growth and competitiveness - these include supporting innovative climate tech solutions, to banks lending to major renewables projects and asset managers allocating capital to support the companies of the future. 2. Investment in the green economy – Private investment will be crucial to delivering net zero, building climate resilience and supporting nature’s recovery. 3. Financial stability – Climate change and environmental degradation pose profound risks to the economy. An effective green finance framework will ensure the finance sector has the information it needs to manage risks from climate change and nature loss. 4. Incorporation of nature and adaptation – this Strategy will explicitly incorporate both nature and climate adaptation into the government’s green finance policy framework. 5. Alignment of global financial - UK is strategically placed to collaborate with international partners to support the alignment of global financial frameworks and stimulate investment towards emerging and developing markets where capital needs are highest.
Attached files
Date of text
Repealed
No
Source language
English
Legislation Amendment
No