The United Kingdom sets its own profile in green finance after Brexit »Social Investor

Optimize decision-making to contribute to a more sustainable approach. That is the objective of the new ‘green’ initiative that it leads UK after leaving the European Union.

The country, just two months after the union, has not only created its own ‘green’ economic boost plan, but is also creating its own ‘hub’ specialized in green finance.

Thus, he has launched the UK Center for Green Finance and Green Investments (CGFI). With an investment of 10 million pounds (almost 14 million dollars) the new ‘financial’ centers in this specialty will be distributed among Leeds Y London. The UK plans to have them up and running next April.

Specifically, under the tutelage of Dr. Ben Caldecott, founder of Oxford Sustainable Finance Program, the University of Leeds and Imperial College London, CGFI will be funded by the National Congress for Environmental Research (NERC) and Innovate UK.

Your mission will primarily be to provide data and analysis to financial institutions to support your investment decisions in clean innovations and green technologies.

Similarly, it will promote private investment in green projects, will boost the economy growing, in addition to supporting new job positions. All this, in a context of recovery from the consequences of COVID-19.

The role of Leeds and London

The role of new green finance centers based in Leeds Y London It will consist of supporting startups and startups in commercializing those products that promote global finance to be green, including tools that quantify properties that face the risk of storms and floods or pollution caused by the companies themselves.

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Thus, the CGFI will work with Chartered Bankers Institute Y Chartered Financial Analysts of the United Kingdom, to ensure that all decisions of this nature take into account climate change.

Apart from these recognized financial institutions, the national center will work with other companies, including the universities involved, such as Alan Turing Institute, Satellite Applications Catapult and the Science and Technology Facilities Council.

In addition, the CGFI consortium will bring together a world-leading multidisciplinary team, exclusively through 6 emblematic projects responsible for covering all the main material risks.

The team will be made up of world-renowned experts in their respective fields, whose track record regarding research, tools, analysis, and high-impact information will be relevant to a variety of needs that institutions may need.

An initiative born during Johnson’s race for environmental leadership

Since Europe imposed itself on being less polluting in 2030 after increasing to 55% Its goal of reducing emissions in the next decade, the efforts of Prime Minister Boris Johnson’s Government have been unstoppable in presenting itself as a clear world leader on environmental issues ahead of the round of talks organized by the UN in Glasgow, at COP26.

The project will be launched in April, before the UN summit, COP26

A few weeks ago he published his ambitious plans in his White Paper on Energy, which marks his roadmap for the next decade, and in which he has pledged to reduce Britain’s emissions by a 68% by 2030 compared to 1990 levels.

For this reason, with the CGFI initiative, Anne-Marie Trevelyan, Minister of Energy and Clean Growth, affirms that “financial services will be encouraged to change the direction of their investments and focus on sectors and companies that have a smaller environmental footprint.”

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In addition, according to Trevelyan, this project “will help industries and companies develop clean green innovations, creating thousands of jobs across the country, which will ensure that we rebuild in a greener way.”

Likewise, it points out that without this project they would not be able to achieve their “zero emissions goal without mobilizing private capital and unleashing the power of the free market.”

Therefore, the new hubs “will encourage financial services to change the course of their investments and focus on sectors and companies that have a smaller environmental footprint,” he concludes.

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