Press

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UK announces new 2030 climate target ahead of Climate Ambition Summit

The UK Government confirmed it will announce an enhanced Nationally Determined Contribution (NDC) to the Paris Agreement on Friday, 4 December. The new target, a critical element of the UK’s COP26 Presidency, means the UK will need to cut greenhouse…

E3G responds to UK spending review

Below are quotes in response to the UK spending review launched on 25 November 2020. On the national investment bank, Kate Levick, Sustainable Finance Program Leader of E3G said:     “A national infrastructure bank can play a transformative role in leveraging…

Influential EU green finance rules at risk of deviating from science

The draft Delegated Act of the Taxonomy Regulation published today (20 November 2020) raises concerns that some of the thresholds deviate from scientific evidence as a result of political and industry pressure. The Commission must ensure that the economic activities…

UK to work with EU to harmonise approach to investment taxonomies

Monday 9 November, the United Kingdom announced that it would create a new green investment taxonomy that stays closely connected to present and future EU efforts. The Chancellor of the Exchequer, Rishi Sunak, announced that the UK will create a…

New UK green finance reforms set a clear direction of travel, but could go further

On Monday, 9 November the UK released a suite of green finance reforms which send welcome signals of international collaboration while also raising questions about the UK’s level of ambition to finance the net-zero transition. On Monday the Chancellor of…

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