UKSIF response: Environmental Audit Committee inquiry into the financial sector and the UK’s net zero transition

UKSIF is pleased to respond to the Environmental Audit Committee’s inquiry considering the role of financial institutions in winding down the financing of fossil fuel extraction, and promoting the transition to green energy in pursuit of the Government’s climate and environment targets.

Our response to this inquiry draws on a number of perspectives outlined in our recent thought leadership report, published in May this year-Delivering a net-zero financial centre: Recommendations from UKSIF’s ‘net-zero inquiry’. It includes an emphasis on the importance of government and financial services working closely together over the ‘winding down’ and effective phasing out of the most high-carbon intensive industries in the coming years, which will be most effective in quickly reducing emissions.

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