The Institutional Investors Group on Climate Change (IIGCC) listed several investor priorities for the UK’s next government to unlock investment and deliver a “green and competitive UK”. Investor policymakers in the UK focus on promoting a sustainable and green economy.
Through its Call to Action, IIGCC and its investor members urged policymakers to accelerate the UK’s adoption of a competitive, energy-secure, resilient, and climate-neutral economy.
It demands adopting a “whole-of-government approach” to facilitate the delivery of net zero targets in alignment with the objectives of investor policymakers in the UK.
The group also urges the next UK government to plan a comprehensive green industrial strategy to support the UK economy’s decarbonization.
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IIGCC hopes the strategy will include policies and incentives to encourage greater investment in low-carbon energy technologies. To facilitate capital flows towards climate and nature goals, it also urges the upcoming administration to implement a supportive financial regulatory environment. Investor policymakers play a crucial role in the UK’s green transition.
The group also calls on policymakers to strengthen the UK’s resistance to the physical impacts of climate change and integrate the protection and restoration of nature and biodiversity into UK policy, as emphasized by investor policymakers.
“In this important election year, investors are looking for a supportive policy environment that provides the confidence and certainty needed to make long-term investments in the UK’s transition to net zero,” said IIGCC policy director Emily Murrell.
Murrell added, “The building blocks of a sustainable finance framework are beginning to fall into place, but there is an urgent need to move ahead with swift implementation of key pieces of legislation.”
In response to the IIGCC’s Call to Action, a government spokesperson said, “London has been ranked first in the world for green finance for the sixth consecutive time, and our Green Finance Strategy sets out an ambitious programme to secure the funds needed to achieve our energy security, net zero and environmental targets.” This reflects the continuous efforts of investor policymakers in the UK.
