The Green Finance Initiative is delighted to be supporting the BEIS and HMT co-hosted Green Finance Taskforce. This Taskforce brings together senior leaders from the financial sector to accelerate the growth in green finance, and help the UK to deliver the investment required to meet the UK’s carbon reduction targets.
The Taskforce, chaired by the GFI’s Chairman Sir Roger Gifford, has been given six months to deliver ambitious recommendations to inform, advance and set the direction of travel for long-term policy development which can support the acceleration of investment in the transition to a low carbon economy.
Sir Roger Gifford, GFI Chairman said:
“It’s a great privilege to chair the Green Finance Taskforce. The establishment of the taskforce shows that UK policymakers are prioritising the green agenda, and stimulating wider discussion about the opportunities and challenges associated with global green markets.”
“Large-scale private investment will be needed to meet the huge demands on investment being created by the world’s transition towards a low-carbon economy. There is a real opportunity for the green finance sector to support and benefit from this fundamental economic change through greater international cooperation, such as greening the China-led infrastructure project, the Belt and Road Initiative.”
Claire Perry, Minister of State for Climate Change and Industry said:
“Britain has already shown the world that a strong economy and efforts to tackle climate change can, and should, go hand in hand. Now is the time to build on our strengths and cement our position as a global hub for investment in clean growth.
“The transition to a low carbon economy is a multi-billion pound investment opportunity and a key part of this Government’s Industrial Strategy. Developing standards to promote responsible investment in sustainable projects and establishing the Green Finance Taskforce will help ensure businesses across the UK take full advantage of it.”
Economic Secretary to the Treasury, Stephen Barclay, said:
“Financial services are a British success story and the sector has the power to drive green and sustainable development.
“It is a priority of mine that people are able to access financial products that support their values, whether that be sharia-compliant loans or green mortgages that have a positive environmental impact. This taskforce will keep the UK at the forefront of green finance and help deliver choice for consumers.”
Members of the Green Taskforce:
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