COP26 brought finance to the forefront of the global climate conversation, and the UK took a leadership stance by announcing
a commitment to create a Net Zero Financial Centre and a Net Zero Financial System where both public and private financial flows are aligned with net-zero and climate resilience. The UK remains COP President until COP27 in Egypt in November 2022 and all eyes are on the UK to deliver on the promises it made in Glasgow. Before the end of 2022, the Treasury will publish an updated Green Finance Strategy. This is the opportunity for the Government to set out its plan for fulfilling these commitments. If successful, this will put the UK at the forefront of the race to a prosperous and competitive net zero economy.

E3G has released a parliamentary briefing “Building A Net Zero Financial System: Priorities For 2022” which defines a Net Zero Financial System as an alignment of both public and private financial flows with the UK’s targets on net zero and climate resilience. It highlights what progress the UK Government has made to date on green financial reform, and what is still missing to successfully deliver a UK Net Zero Financial System before COP27.

Download the briefing here