UKSIF response to the Budget

Comment from UKSIF’s Chief Executive in response to today’s Budget:

“While a number of today’s Budget measures are welcome, including support for carbon capture and storage technologies and some clarity provided on the UK’s ‘green taxonomy’, this Budget should have begun serious consideration of a positive UK response to the global clean energy ‘arms race’.

The upcoming ‘Green Finance Strategy’ should give this further attention, particularly in light of actions outlined by the United States and more recently the EU. As a priority, many investors want to see from government credible decarbonisation roadmaps for key economic sectors, including for those areas where policy clarity is particularly lacking, as well as incentives in place to unlock private capital into the wider economy and the UK’s transition. We look forward to continue working with policymakers and other stakeholders ahead of the Strategy, and hope that collectively we can seek ways to secure the UK’s ongoing leadership on sustainable finance.” –James Alexander, Chief Executive, UK Sustainable Investment and Finance Association (UKSIF)