What will be left of sustainable finance policies under the new UK government?

Regulatory initiatives that were set out by Boris Johnson’s government largely remain pending, leaving market participants wondering what the new administration’s net zero strategy will entail.

Shortly after her appointment, UK prime minister Liz Truss gave MP Chris Skidmore, a former minister of energy and clean growth, the mandate to review the country’s approach to deliver on its commitment to become a net zero greenhouse gas emitter by 2050. The findings of this review are expected by year-end but meanwhile, highly awaited policy frameworks on green finance remain in limbo without a clear timeframe.