The UK government is asking for feedback on whether it should create a taxonomy to support investment into the climate transition and clamp down on greenwashing.
Trailed by chancellor Rachel Reeves in her Mansion House speech earlier this month, the consultation seeks to establish “whether a UK Taxonomy would be additional and complementary to existing policies in meeting the objectives of mitigating greenwashing and channelling capital in support of the government’s sustainability objectives”.
Green taxonomies are official lists of business activities or projects that align with national environmental goals.
Around 50 jurisdictions have them in place or under development, including the European Union, Canada, Australia, China and South Africa.
In some cases they are developed by the market, while in others they are led by regulators. They also vary in how they are applied, with some being entirely voluntary and others being accompanied by mandatory disclosure requirements....
more at IPE
© IPE International Publishers Ltd.
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article