https://sputnikglobe.com/20211103/uk-to-become-first-net-zero-financial-centre-chancellor-sunak-says-1090440282.html
UK to Become First Net-Zero Financial Centre, Chancellor Sunak Says
UK to Become First Net-Zero Financial Centre, Chancellor Sunak Says
Sputnik International
LONDON (Sputnik) – UK Chancellor of the Exchequer Rishi Sunak on Wednesday announced that the United Kingdom will become the world's first net-zero financial... 03.11.2021, Sputnik International
2021-11-03T10:21+0000
2021-11-03T10:21+0000
2023-05-28T15:16+0000
ecology
carbon emissions
rishi sunak
united kingdom (uk)
https://cdn1.img.sputnikglobe.com/img/07e5/0a/04/1089648552_0:320:3073:2048_1920x0_80_0_0_44dd8b0a6d87accc71a51350bf721647.jpg
In a speech opening Day 4 of the event, the UK chancellor explained that the government will move towards making it mandatory for firms to publish a clear, deliverable plan setting out how they will decarbonise and transition to net zero with an independent task force to define what's require.Sunak also pledged $100 billion a year in carbon funding, adding that over $130 trillion in private capital will now be aligned with the climate goals set out in the 2015 Paris Agreement.According to Sunak, those funds will make "tangible differences" in people's lives across the world as they will be used to produce clean, cheap electricity to power schools and hospitals in rural Africa or build better coastal defences to protect people from storm surges.
united kingdom (uk)
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2021
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_EN
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik International
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
ecology, carbon emissions, rishi sunak, united kingdom (uk)
ecology, carbon emissions, rishi sunak, united kingdom (uk)
UK to Become First Net-Zero Financial Centre, Chancellor Sunak Says
10:21 GMT 03.11.2021 (Updated: 15:16 GMT 28.05.2023) LONDON (Sputnik) – UK Chancellor of the Exchequer Rishi Sunak on Wednesday announced that the United Kingdom will become the world's first net-zero financial centre, meaning that all financial institutions and listed companies in the UK will be forced to publish plans on how they will transition to net-zero carbon emissions from 2023.
"Today I am announcing the UK will go further and become the first-ever net-zero aligned financial centre", Sunak told delegates at the UN Conference on Climate Change (COP26) in Glasgow, Scotland.
In a speech opening Day 4 of the event, the UK chancellor explained that the government will move towards making it mandatory for firms to publish a clear, deliverable plan setting out how they will decarbonise and
transition to net zero with an independent task force to define what's require.
Sunak also pledged $100 billion a year in carbon funding, adding that over $130 trillion in private capital will now be aligned with the climate goals set out in the 2015 Paris Agreement.
"Six years ago, Paris set the ambitions, today in Glasgow we're providing the investments we need to deliver that ambition", the Chancellor said.
According to Sunak, those funds will make "tangible differences" in people's lives across the world as they will be used to produce clean, cheap electricity to power schools and hospitals in rural Africa or build better coastal defences to protect people from storm surges.
