Global S&T Development Trend Analysis Platform of Resources and Environment
Parliamentary Briefing on Building a Net Zero Financial System: Priorities... | |
admin | |
2022-01-14 | |
发布年 | 2022 |
语种 | 英语 |
国家 | 欧洲 |
领域 | 气候变化 |
正文(英文) | The UK led the way on green finance at COP26 through committing to create the world’s first Net Zero Financial Centre and a Net Zero Financial System. Success will be dependent on the outcome of the Treasury’s 2022 Green Finance Strategy Review – where the Government has an opportunity to set out its plan for fulfilling these promises. E3G’s latest parliamentary briefing 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 then 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. Given the size and clout of the UK’s financial sector, creating a net zero finance system is the most positive action the UK can take to address climate change. The UK government has already laid a solid foundation – including a science-based UK Green Taxonomy, mandatory net zero transition plans for large financial institutions and FTSE 100 companies in 2023, and the creation of the UK infrastructure Bank with a dual mandate of net zero and levelling up. However, more must be done to deliver the Chancellor’s promise. Below are the four green finance priorities for MPs and Peers in 2022: 1. Treasury must set out a detailed net zero financial strategyThe Government has not yet set out a comprehensive plan for financing the net zero transition. This is the biggest missing piece of the architecture needed to get the UK on track to net zero. A detailed net zero financial plan is critical to provide business and investors with the policy, public investment, and fiscal certainty they need to direct investment to net zero. This strategy must cover public finance and private finance policies. 2. Maximise the impact of UK Infrastructure BankTo ensure the Bank maximises the economic opportunities of the transition to net-zero, it must do the following:
3. Prevent greenwash by creating a science-based UK Green Taxonomy which is applied across public and private financeThe UK’s green taxonomy must be science based if it is to be credible. This means that it must not include fossil gas or biomass power. This is critical as investors need clear definitions on what investments are classified as sustainable if they are to transform their investment portfolios to net zero. The taxonomy must be integrated across both public and private finance decision making to ensure the market receives strong, consistent signals. 4. Extend mandatory net-zero transition plan disclosure requirements to all large companies and financial institutions in the UK and provide science-based net zero guidance on what good looks likeThe Chancellor’s announcement at COP26 should be extended to all large companies across the UK. The Transition Plan Taskforce should provide science-based guidance on what a good transition plan looks like. Regulators should have enhanced enforcement capacity commensurate with these new requirements to prevent greenwash. |
URL | 查看原文 |
来源平台 | E3G |
文献类型 | 新闻 |
条目标识符 | http://119.78.100.173/C666/handle/2XK7JSWQ/344884 |
专题 | 气候变化 |
推荐引用方式 GB/T 7714 | admin. Parliamentary Briefing on Building a Net Zero Financial System: Priorities.... 2022. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[admin]的文章 |
百度学术 |
百度学术中相似的文章 |
[admin]的文章 |
必应学术 |
必应学术中相似的文章 |
[admin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论