Green Finance: UK joins the International Platform on Sustainable Finance (IPSF)
The Chancellor underscored the UK’s commitment to strengthening international cooperation on environmentally sustainable finance through becoming a signatory to the Joint Statement on the International Platform on Sustainable Finance.
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The UK’s membership of IPSF will support our comprehensive approach to greening financial systems, and mobilising finance for clean and resilient growth and the aims of COP26.
The UK will contribute to the IPSF’s goals to scale up the mobilisation of private capital towards environmentally sustainable finance at global level and promote integrated markets for environmentally sustainable finance which aim to deliver on our domestic and international commitments to tackle climate change.
The IPSF is a multilateral forum of dialogue between policymakers that focuses particularly on initiatives in the areas of taxonomies, disclosures, standards and labels, which are fundamental for investors to identify and seize investment opportunities worldwide that truly contribute to climate and environmental objectives. Members constitute 55% of global greenhouse gas emissions and 55% of global GDP.