The UK Green Finance Strategy from 2019 is being updated this year. The CBI extensively consulted members on what policy is needed to increase money flows to transition to a net zero economy by 2050 – read our response.
01 Jul 2022, 4 min read
What was the consultation about?
The UK government published the consultation to support its update of the Green Finance Strategy, planned for publication in late 2022. The original Strategy published in July 2019 had three objectives:
- Greening finance by supporting the financial services sector to align with the UK’s net zero commitment, the need to adapt to climate change and the UK’s commitment to nature’s recovery.
- Financing green by mobilising private investment at scale to support clean and resilient growth.
- Supporting financial services to capture the opportunity presented by the transition to a net zero and nature-positive economy, cementing UK leadership in green finance and ensuring that businesses can benefit
The aim of the consultation was to take stock of progress so far and set out how the UK can better ensure the financial services industry is supporting the UK’s energy security, climate and environmental objectives in the updated Green Finance Strategy.
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