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Submitted Evidence To The Treasury Select Committee Inquiry.pdf

103824.pdf
Preview of submitted evidence to the Treasury Select Committee inquiry
🔗 Source: data.parliament.uk
📊 Size: 242 KB
📄 Pages: 7 pages
⬇️ Downloads: 83

Summary

The UK Government aims to reduce greenhouse gas emissions to net zero by 2050, with the right technologies and manageable costs. However, the City of London remains a major centre for 'brown' fossil fuel finance, supporting around 15% of global CO2 emissions. The UK's Green Finance Strategy ignores these concerns, potentially sending mixed policy messages. Carbon Tracker highlights the need to address the scoping of national carbon budgets, climate change regulation, and global capital markets to unlock UK climate leadership opportunities. The UK's financial sector and regulators have made progress in considering climate-related risks, but further work is required to refine approaches to capital markets disclosure.

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Description

The UK Government aims to reduce greenhouse gas emissions to net zero by 2050, with the right technologies and manageable costs.

Technical Information

  • File Format: PDF
  • File Size: 242 KB
  • Pages: 7
  • Language: EN
  • Total Downloads: 83
  • Last Updated: 3 weeks ago

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