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ARTICLE · 12 MAY 2023

Update To UK Green Finance Strategy

Morrison Foerster
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Morrison Foerster

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The UK government (the "Government") has long spoken of its commitment to tackling greenwashing and creating the world's first net-zero emissions financial centre.

United KingdomEnvironment
Andrew Boyd
Andrew Boyd
Matthew Dunlap
Matthew Dunlap
Simon Arlington
Simon Arlington
Emma Bosworth
Emma Bosworth
Carlotta Pregnolato
Carlotta Pregnolato
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The UK government (the "Government") has long spoken of its commitment to tackling greenwashing and creating the world's first net-zero emissions financial centre. Read more about this in our client alert on the "Green Finance: A Roadmap to Sustainable Investment" policy paper and our client alert discussing the proposed greenwashing measures of the Financial Conduct Authority (FCA). On 30 March 2023, the Government published the latest update to its Green Finance strategy focussed on "Mobilising Green Investment" (the "Strategy").

Whilst the Government's commitment to green finance and reaching net-zero is welcomed, the response to the Strategy has been muted with a consensus building that if the Government is really serious about its aims, more concrete plans are required.

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Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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