A UK government minister said that one of the priorities for the country after it leaves the European Union is to become a global hub for green finance.
John Glen MP, economic secretary to the Treasury, gave a keynote speech at the City Week 2019 conference in London this morning. Glen said other priorities, in addition to green finance, are fintech, India and China.
He said: “More than 100 green bonds have been listed in London to date, from 16 countries raising $26bn (€23bn). Our aim is to establish the UK as the undisputed global hub of green finance, with links to all the major markets.”
Glen noted that in addition to green bonds, other initiatives gaining traction include green loans, green mortgages and environmental, social and governance (ESG) exchange-traded funds.
Source: Markets Media - https://www.marketsmedia.com/uk-aims-to-be-global-green-finance-hub/