UK Abandons Green Taxonomy Plan to Focus on Other Policies

UK Abandons Green Taxonomy Plan to Focus on Other Policies

The UK will not create its own framework for sustainable investments, abandoning years of work to focus on other green policies.

Government scraps green taxonomy plans - portfolio institutional

The UK government has scrapped its plans to implement a green taxonomy. In her Mansion House speech last night, the chancellor Rachel Reeves said: “For sustainable finance, I am determined to focus our efforts on policies that matter most to our world-leading sector and support investment in the transition. “So, after consultation and consideration, I have decided not to pursue a green taxonomy, but instead work with regulators through the Trans…

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UK Drops Plans for Sustainable Finance Taxonomy

The UK government announced today that it has decided not to proceed with its plans to develop and implement a UK Green Taxonomy, its proposed classification system for categorizing climate and environmentally sustainable economic activities, and one of the key parts of its sustainable finance framework. According to a statement released by the UK finance […]

UK government decides against green taxonomy

Decision unveiled in connection with the release of a financial services sector plan ahead of the chancellor’s annual Mansion House speech