UK seeks to regain green edge with Gilts, own Taxonomy, TCFD rule

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By Jon Hay
09 Nov 2020

The UK will issue its first green Gilts next year, create its own Taxonomy of green activities and oblige large companies and investors to report as recommended by the Task Force on Climate-Related Financial Disclosures by 2025, the chancellor of the exchequer Rishi Sunak said on Monday.

The UK will be a programmatic issuer, aiming to build up a "green curve". Sunak gave no details of the programme's size, but mentioned some examples of what it could be used to finance, including infrastructure, research and development of carbon capture and storage, and offshore wind power.

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