The government said that The Mobilising Green Investment: 2023 Green Finance Strategy - published at the end of March - aimed to strengthen the UK’s position at the forefront of the rapidly growing global green finance market, while driving private investment to deliver energy security, net zero and environmental objectives.
The document sets out the framework intended to make UK the world’s first 'net zero aligned financial centre', outlining how the government will ensure market participants have the information and tools they need to align with the country’s climate and nature goals as the country looks to move from a fossil-fuel driven economy to a decarbonised one.
David Ostojitsch, director of government relations and policy at Pimfa which welcomed the publication of the strategy, said: “In plotting a roadmap towards becoming the world’s first net zero aligned financial centre, we would urge the government and regulator to give better consideration to the role of retail investors in helping to achieve this.
“The UK is home to a thriving retail investment market with significant amounts of productive capital to potentially unlock. We would urge the government to be clearer about how these investors can support the UK’s net zero journey.”