UKSIF Comment – Labour’s Green Prosperity Plan

A comment from our Chief Executive, James Alexander on Keir Starmer’s speech setting out further details on Labour’s Green Prosperity Plan.

“We welcome the further details outlined by the Labour Party for its green agenda, which provides a number of positive signals for our members on how a Labour government would seek to decarbonise the UK economy at the required pace and scale. The plans represent a good signal of intent in our view, particularly following last week’s disappointing decision to delay certain green spending commitments.

Investors continue to seek further certainty from all policymakers in UK on the country’s long-term plans to be able to invest with confidence in new climate solutions and technologies. In the coming months, we will be encouraging policymakers to consider additional steps to crowd in private capital, which we know needs to be rapidly scaled during this critical decade of climate action. We look forward to engaging with Labour on the crucial policy detail of its plans, from its National Wealth Fund to reviewing the role of regulators in supporting the transition, and how they can best support the country’s growth and long-term climate objectives.”—James Alexander, Chief Executive, UK Sustainable Investment and Finance Association (UKSIF)