UKSIF response to the Chancellor’s Autumn Statement

Following today’s Autumn Statement, the UK Sustainable Investment and Finance Association (UKSIF) has called on the Chancellor to set out a more comprehensive response to the US Inflation Reduction Act, the EU’s Green Deal Industrial Plan, and other similar initiatives.

UKSIF Chief Executive, James Alexander, said:

“We welcome the Chancellor’s plans to speed up grid connectivity and reform planning for renewable energy projects, which could reduce some of the burdens holding back private investment into the low-carbon economy, although it remains to be seen how effective these will be in practice.

“The size and scale of commitments made today still fall short of a sufficiently comprehensive response to the U.S Inflation Reduction Act, the EU’s Green Deal Industrial Plan, and similar initiatives in other jurisdictions.

“If the UK is to attract the capital needed to lead the global transition to a more sustainable future, creating jobs and economic prosperity, we must build investor confidence, address greenwashing risks, and tackle more of the UK’s underlying investment barriers. The Chancellor didn’t go far enough.”