Green finance is the financial sector’s ‘next big thing’. As the House of Commons Environmental Audit Committee publishes its report into green finance, to what extent is the government leading the agenda and how can business get ahead of the curve?
Green finance is fast becoming one of the most important subsectors of financial services. How to combat climate change is a talking point at most international summits and an ever-growing bone of contention between Europe and its traditional ally, the United States. What was once a political issue is now moving into the boardrooms in the world’s financial centres. Green business practices are currently voluntary, but the recognition by government of the private sector’s role could soon see changes in regulation.