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ARTICLE · 17 DECEMBER 2021

How Will The UK Become A Net Zero-Aligned Financial Centre?

Shepherd and Wedderburn
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Last month, the UK Government announced that the UK was to be the world's first Net Zero-aligned Financial Centre.

United KingdomFinance and Banking
John Morrison
John Morrison
Tom Swan
Tom Swan
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Last month, the UK Government announced that the UK was to be the world's first Net Zero-aligned Financial Centre.

The Institute for Government defines "net zero" as "a balance between the amount of greenhouse gas emissions produced and the amount removed from the atmosphere". Indeed, the UK Government has bound itself in law to reach a net zero target by the year 2050.

Arguably, the announcement by the UK Government last month was tied up with the opportunity presented by the UK Government's presidency of the United Nations Climate Change Conference 2021 (COP26) held in Glasgow but it is also representative of a general move by western economies towards a more sustainable economic approach.

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