Britain is enlisting bankers to pave the way for a green economy. The Chancellor will sketch out a plan for UK to become the first net-zero-aligned financial center in the world, encouraging other nations to follow suit.
- Thanks to climate pledges by financial services firms, over $130 trillion—or 40% of the world’s financial assets—will be in accordance with the Paris Agreement’s climate targets.
- Through UK’s International Climate Finance commitment, new initiatives will be sponsored, which will assist developing countries in financing green growth and adapting to climate change.
To learn more about the world’s first net-zero-aligned financial center, please visit:
https://www.gov.uk/government/news/chancellor-uk-will-be-the-worlds-first-net-zero-financial-centre
