The new Ten Point Plan was published in November 2020. It attracted wide press coverage, as well as significant criticism for the limited financial scope of just £12 billion investment.
- Point 10: Green Finance and Innovation
- We will harness the international reputation of the UK’s world leading financial sector to encourage private investment into supporting innovation and manage climate financial risk. In line with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD), we intend to introduce mandatory reporting of climate-related financial information across the economy by 2025, with a significant portion of mandatory requirements in place by 2023.