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Government launches updated Green Finance Strategy
Publication date: 12 Apr 2023
uk In brief UK2023-09
What is the issue?
- The UK Government issued a new Green Finance Strategy on 30 March 2023, setting out a revised approach from the previous iteration in 2019. This follows a consultation in the summer of 2022.
- The strategy sets out the Government’s plans to be the world’s first Net Zero-aligned financial centre, and proposals for a supporting regulatory and disclosure framework that includes plans to implement a UK Green Taxonomy, introduce mandatory transition plan disclosures, and implement the International Sustainability Standards Board (ISSB) standards.
- Alongside this paper, the Government published other documents, including a ‘Powering Up Britain’ strategy, a Nature Markets Framework, an International Climate Finance Strategy, UK Strategic Framework on Climate and Nature, and a consultation on the regulation of ESG ratings providers.
Where can I find more details?
For more details on the Green Finance Strategy, please read our ‘At a glance’.
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