The UK’s Green Financing Framework, released on 1 July by the Treasury, describes government plans to finance expenditures by issuing green gilts and the retail Green Savings Bonds that it believes “will be critical in tackling climate change and other environmental challenges”. The 31-page framework sets out the basis for identification, selection, verification and reporting of the green projects eligible for finance from the green gilt programme and savings bonds. The Framework “aligns with the 2021 International Capital Market Association (ICMA) Green Bond Principles.” The government will “actively support the research and development of innovative technologies required to meet the Net Zero target, whilst crowding-in private investment through regulatory levers”. The many innovative technologies that already exist “may require further investment to become cost competitive and to be proven at scale”.
Nuclear Engineering International 6th July 2021 read more »