The Labour Party would make the U.K. “the green finance capital of the world” if it enters government next month, it pledged in today’s manifesto.
The dossier said a Labour government would prioritize sustainable finance policies, after the incumbent Conservative government rowed back on some commitments.
The party would require the Bank of England to give “due consideration” to climate change as part of its mandate, and require financial firms and big companies in the U.K. to commit to green transition plans that align with the Paris Climate Agreement.
“Britain’s world-leading financial services industry has a major role to play in mobilising trillions of pounds in private capital to address the greatest long-term challenge of our age,” the manifesto said. “Labour will make the U.K. the green finance capital of the world.”
