Gov’t Urged To Toughen Green Finance Measures For UK Biz

By Irene Madongo (July 5, 2022, 2:57 PM BST) – Advocates for green reform have called on the government to strengthen efforts to turn the flow of finance away from fossil fuels, warning in an open letter published on Tuesday that current measures are not enough to compel more action.

The 75 signatories of an open letter to Business Secretary Kwasi Kwarteng – who include leaders in academia, non-governmental organizations and think tanks – pointed out that the government published its last Green Finance Strategy in 2019. They warned that “the need for proactive efforts from governments to align the financial sector with ambitious climate and nature targets has become increasingly urgent. “…

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