Archive

UK-China taskforce eyes progress on transition finance amid political thaw

The launch of a green bond index was hailed as a marker of UK-China collaboration, as a bilateral working group said a thaw in diplomatic relations could be a boon for work to promote transition finance flows between the two countries.

Make international transition finance work more coherent, Japanese bank urges

A plethora of guidance and frameworks on transition finance complicates efforts to focus private capital to where it is most needed, according to a senior banker at Sumitomo Mitsui.

UK group readies guidance on credible transition finance

A UK-based Transition Finance Council is preparing to publish draft 'guidelines for credible transition finance' for consultation next week, whose chair says aim to show a "base case" for determining which entities are progressing in the energy transition.

The City of London 'wants to build blended finance partnerships across the Global South'

The City of London wants to set up partnerships with countries across the Global South to help blended finance to flow, the Lord Mayor of London said.

UK should harness 'underestimated' £77bn impact market for policy priorities

The UK government should utilise its impact investment market for addressing policy priorities, as its pool of capital remains 'underestimated', a report by the City of London Corporation has stated.

UK makes pitch to lead world in transition finance with launch of council

London stands to become "the preeminent financial hub for transition finance" if a new Transition Finance Council is successful, according to its chair and former president of the COP26 climate conference, Alok Sharma.

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UK 'exploring value of' taxonomy after repeated delays

A UK government consultation to "explore the value of implementing a taxonomy" has been welcomed by commentators but has done little to dispel concerns that years of work on the proposal may still lead it to be ditched.

Nature risks bigger threat to the economy than Global Financial Crisis, warns GFI

Nature risks could cause more damage to the UK economy than the Global Financial Crisis, the Green Finance Institute has said, warning that large UK financial institutions are also not doing enough to mitigate the risks in their portfolio.

UK to study how it can be 'best place in the world' for transition finance

An independent review has been launched by the UK government to study how it can "become the best place in the world for raising transition capital" with a mandate that identifies assurance of financial transactions among ways the market can grow "with integrity".