Rishi Sunak’s net zero u-turn
How time flies when there’s a real crisis. Just six months ago at the Glasgow climate conference, the Chancellor Rishi Sunak was pledging to rewire the entire global financial system for Net Zero. Sunak boasted that he was going to make London the world’s first ‘Net Zero Aligned Financial Centre’. It would mean forcing firms to publish plans showing how they will decarbonise and meet net-zero targets to be overseen by a transition taskforce. There was little fanfare when the transition plan taskforce was launched last week. Even though the taskforce is co-chaired by John Glen, the economic secretary to the treasury minister alongside the chief executive of Aviva, you won’t
