UKSIF Comment on UK Government’s Departmental Reshuffle

A quote from our Chief Executive, James Alexander, on the Government’s new Energy Security and Net-zero Department.

“While there is merit in the decision to create a dedicated department focused on the UK’s energy security and net-zero, a more pressing priority for our members continues to be a clearer delivery plan for the transition of the real economy and financial services in the coming years.

Many investors stand ready to help provide the capital necessary for the clean energy transition and to bolster the UK’s energy security, but to do this require a consistent policy environment with implementation following this – a core theme highlighted in the recent Skidmore Review. We recommend government consider credible decarbonisation roadmaps for key economic sectors, underpinned by near-term actions to shift financial flows towards net-zero, while exploring a positive UK response to the United States’ Inflation Reduction Act (IRA).”

—James Alexander, Chief Executive, UK Sustainable Investment and Finance Association (UKSIF)