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UK Updates Its Green Finance Strategy and Launches ESG Ratings Regulation Consultation
April 4, 2023On March 30, 2023, the UK government announced the publication of its 2023 green finance strategy, updating its earlier 2019 strategy, which is intended to mitigate climate-related risk and damage while increasing the amount of capital available to finance “net zero and environmental objectives.” Additionally, the government published a nature markets framework, which has been developed to scale up private investment in nature recovery and sustainable farming. The executive summary of the framework states that the “development of high-integrity nature markets is a key part of [the UK government’s] strategy to enable firms to mobilise” private investment flows to nature.
