Cometh the hour....
After Chancellor Rishi Sunak opened his red Budget box to reveal new funding for electric vehicle (EV) manufacturing and low-carbon shipping, there has been a mixed reaction from the green economy, with widespread criticism of the Treasury's approach to aviation.
So his speech at COP26 today will be listened too very carefully, particularly his trailed message that Financial institutions and listed companies will be forced to publish their plans on how they will transition to net zero, in sweeping reforms the Chancellor hopes will halt so-called greenwashing.
There are some who would say the statements sounds hopeful rather than definite, but perhaps the advance release is an attempt to ‘not frighten the horses’ and what we’ll actually here, is regulations which will demand total focus on responsible investing, transparency that reveals any green-washing attempts and metrics to measure and track progress. Perhaps.