jurisdiction: UK
February 13, 2023
UK financial regulator weighs up tougher sustainability rules
The Financial Conduct Authority is considering whether to set requirements about sustainability practices, including remuneration and the implementation of transition plans. The UK Financial Conduct...
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January 26, 2023
UK competition regulator to relax rules for companies collaborating on climate
The Competition and Markets Authority announces consultation on new antitrust guidance for deals that seek positive environmental outcomes. UK Competition and Markets Authority chief executive...
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January 20, 2023
Regulator warns UK is falling ‘far short’ on environmental ambitions
The OEP says the government should address shortcomings in its upcoming environmental plan for the next five years and set interim targets. The Office for...
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January 17, 2023
What will 2023 hold for climate activism?
Climate campaigning reached feverish levels in 2022. Viral videos of motorway and bridge obstructions – orange vests, arms locked – attracted solidarity from some quarters...
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January 16, 2023
UK net zero review criticises lack of long-term thinking
An independent review led by former energy minister Chris Skidmore has urged the government to implement a number of climate change strategies or risk the UK...
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January 10, 2023
UK proposes lower emissions limit for new oil and gas plants from 2034
The UK government has opened a consultation into its ‘capacity market’, with the aim of improving energy security and spurring investment to reach net zero....
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January 5, 2023
British MPs demand ‘war effort’ to cut energy bills and carbon emissions
Members of parliament have published recommendations on how the British government can accelerate the green transition and demanded an end date for oil and gas licensing. The UK parliament's Environmental...
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December 29, 2022
2022 in review: UK's U-turns and delays
Political instability and an energy crisis instigated by the war in Ukraine have defined the last year, leaving a mark on the UK's sustainable finance priorities. Much policymaking was postponed...
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December 12, 2022
Less than eight per cent of UK banks reports on TCFD, study shows
At present, only nine UK banks report on climate risks in line with the recommendations set out by the Task Force on Climate-related Financial Disclosures. Just nine out of 130...
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November 23, 2022
FCA to establish code of conduct for ESG data and rating providers
The UK financial watchdog will establish a voluntary code of conduct while it awaits further action from the Treasury. The Financial Conduct Authority has announced it will develop a specific...
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November 21, 2022
UK chancellor Jeremy Hunt outlines energy security and tax plans
Autumn Budget included the creation of an energy efficiency taskforce, as well as reforms on Solvency II and a review of EU regulations. In a highly anticipated speech last week,...
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