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ARTICLE · 02 MARCH 2020

Sure And Steady Progress In Sustainable Finance

Guernsey's States will soon set out its action plan on climate change and all of us involved in the Guernsey Green Finance initiative are looking forward to the publication of an ambitious but

GuernseyFinance and Banking

Guernsey's States will soon set out its action plan on climate change and all of us involved in the Guernsey Green Finance initiative are looking forward to the publication of an ambitious but credible target for carbon neutrality for Guernsey.

Such a target is likely to be received by some local skepticism and even a degree of cynicism but, in a week that saw Guernsey Electricity switching to importation of 100% renewable electricity, I think its possible to be a bit louder and prouder of our island's green credentials. It sounds all a bit old hat now, but we can be justifiably proud that we met our Kyoto targets and were one of the handful of jurisdictions globally that incorporated them into domestic law. Our 2018 per capita carbon dioxide emissions at 5.7 tonnes per capita, were on a par with the UK, better than the majority of the European Union member states and far superior to some key finance centre competitors.

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