UK government aims to accelerate growth of green finance

New measures to accelerate investment in clean growth by building on the UK’s strength in green finance were set last week by Climate Change Minister Claire Perry at the opening ceremony of Climate Week in New York.
Green finance includes private sector investments in technologies, infrastructure and innovative start-ups that can create jobs and allow businesses to expand, boosting economic growth while reducing greenhouse gas emissions.

Between 1990 and 2016, UK GDP has grown by 67 per cent, while carbon emissions have fallen by 42 per cent, proving it is possible to reduce emissions and grow the economy.

You can read more about the Government’s initiatives here.

Green Finance

The Government is also announcing work with the Green Finance Initiative and the British Standards Institute to develop a new set of voluntary green and sustainable finance management standards, working closely with industry. The British Standards Institute will have completed the necessary standards scoping exercises and have the first standard in production by the first half of 2018.

The Government has also officially endorsed recommendations published by the Financial Stability Board’s Task Force on Climate-related Financial Disclosures and encourages all listed companies to implement this new, voluntary framework to align climate-related risk management and financial governance. These recommendations represent a key milestone in the global low carbon transition, and have been backed by over 100 businesses worldwide with a market capitalisation of more than $3 trillion.