Government publishes 2023 Green Finance Strategy

By Alex Gillespie and Victoria McCarron

On 30 March 2023, the Government published Mobilising Green Investment, the Government’s Green Finance Strategy for 2023.

The Government explains that the strategy:

1. aims to strengthen the UK’s position at the forefront of the rapidly growing global green finance market, while driving private investment to deliver the UK's energy security, net zero and environmental objectives.
2. sets out a framework for supporting technologies as they grow to commercialisation, including through the work of public finance institutions as well as next steps to grow high integrity voluntary markets including a framework for developing nature markets in the UK.
3. shows how the UK is building on the legacy of COP26 by accelerating global growth in green finance, including to emerging markets and developing economies.

The strategy also includes a timeline summarising the Governments’ commitments and next steps in the period up to 2024.

For further sustainable finance updates, please visit the Burges Salmon blog.

"We welcome this updated Green Finance Strategy, which represents an important milestone, building on collective efforts to date and setting out a clear plan for the future. We are working hard to ensure that the UK market is well positioned to support the transition to net zero. We’re playing our part in delivering a world-leading framework for transition plan disclosures through our collaboration with the UK Transition Plan Taskforce." Nikhil Rathi, Chief Executive Officer of the Financial Conduct Authority

https://www.fca.org.uk/news/statements/regulators-welcome-governments-updated-green-finance-strategy