Letter to the Chancellor on the UK Green Taxonomy

Wind turbines at Gravesend, UK. Photo by Callum Donovan on Unsplash.Wind turbines at Gravesend, UK. Photo by Callum Donovan on Unsplash.
Wind turbines at Gravesend, UK. Photo by Callum Donovan on Unsplash.

E3G has written to the UK Chancellor Rishi Sunak on behalf of 16 NGOs and universities/think tanks in relation to the UK Green Taxonomy – highlighting the importance of the government prioritising making the UK Green Taxonomy science-based, in order for it to be useful and credible.

The letter welcomes the announcement made by the Chancellor at COP26 of the creation of a world-leading Net Zero Financial Centre in the UK, which was the culmination of a year of positive moves on green financial regulation from the UK government. However, it emphasises that this ambitious package of reforms must be underpinned by a science-based, gold-standard taxonomy if it is to prevent greenwash and support investors in redirecting financial flows towards sustainable activities.

The UK must also avoid a race to the bottom with the EU on weakened standards for sustainability, and should instead use its diplomatic position to encourage a race to the top, maintaining high standards of integrity in line with the 2050 net zero target and interim carbon budgets.

This letter is signed by:

Nick Mabey, CEO, E3G

On behalf of:

Peter Stevenson, Chief Policy Advisor, Compassion in World Farming

Jesse Griffiths, CEO, Finance Innovation Lab

Professor Ralf Toumi, Co-Director, Grantham Institute – Climate Change and Environment at Imperial College London

Chris Venables, Head of Politics, Green Alliance

Oliver Greenfield, Convenor, Green Economy Coalition

Doug Parr, Policy Director, Greenpeace UK

Luke Murphy, Head of Environmental Justice Commission and Associate Director for Energy, Climate, Housing and Infrastructure, Institute for Public Policy Research

Joseph Lewis, Policy Lead, The Institution of Environmental Sciences

Adam Eagle, CEO, The Lifescape Project

Tony Burdon, CEO, Make My Money Matter

Lydia Prieg, Head of Economics, New Economics Foundation

Dr Mary Booth, Director, The Partnership for Policy Integrity

Simon Youel, Head of Policy and Advocacy, Positive Money

Jamie Audsley, Head of Future Nature, Economics Team, RSBP

Catherine Howarth, CEO, Share Action

Karen Ellis, Director of Sustainable Economy, WWF

Read the letter in full.


Subscribe to our newsletter