Thinktank says following Chile’s example would give ministers greater incentive to meet targets
Rishi Sunak is being urged to issue a new generation of green bonds that would offer higher returns to investors if the UK government fails to hit its climate change targets.said its plan for sustainability-linked bonds would provide ministers with a greater incentive to meet carbon-reduction goals and would help boost the UK’s prospects of being a global financial hub for green finance.
Scott Corfe, the research director at the SMF, said: “Financial services will be key for delivering on net zero, and green finance could be one of Britain’s great economic success stories in the 2020s. Already, 200,000 financial services workers are in green jobs – a number that will undoubtedly grow over the coming years.
Corfe said Sunak should start small in order to test investor interest but added the Chilean example suggested demand would be high., which was four times oversubscribed. Returns to investors depend on the country adhering to its climate change pledges, including that it emits no more than 95 metric tonnes of carbon dioxide or equivalent by 2030, and renewables account for 60% of electricity production by 2032. If Chile misses a target, it incurs a financial penalty.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Greens put affordable housing in their top five policy issues for a hung parliamentWith an interest rate rise tipped for Tuesday and house prices and rents rising, the Greens will put affordable housing top of the agenda in the event of a hung parliament.
Read more »
Women’s pay an issue Greens ‘could work with an Albanese government on’At Brisbane’s Labour Day march, the Greens seize on the opportunity to address the gender pay gap and what that could look like under a Labor minority government.
Read more »
The Greens want a federal minister for equality to advocate for LGBTIQA+ rights. What would they do?The Greens have announced they would appoint a federal Minister for Equality to raise awareness of LGBTIQA+ issues at a national level as part of a $200 million plan ausvotes AusVotes2022 auspol
Read more »
Greens put affordable housing in their top five policy issues for a hung parliamentWith an interest rate rise tipped for Tuesday and house prices and rents rising, the Greens will put affordable housing top of the agenda in the event of a hung parliament. jamesmassola AustraliaVotes auspol
Read more »
Property prices may tumble 15 per cent after rate increasesAnalysts at three of the big four banks are now forecasting the Reserve Bank will lift official interest rates for the first time in more than a decade on Tuesday
Read more »
Property prices may tumble 15 per cent after rate increasesHigher mortgage interest rates will likely see dwelling prices in Sydney and Melbourne fall. | Domaincomau property propertyprices realestate
Read more »