UK Green Taxonomy
The Green Technical Advisory Group (GTAG) provides independent, non-binding advice to Government on the design and implementation of a UK Green Taxonomy. The UK Green Taxonomy will provide a common framework, setting the bar for investments that can be defined as environmentally sustainable, helping to tackle ‘greenwashing’, improve understanding of environmental impact to help companies and investors make informed green choices, support investment in sustainable projects and boost efforts to tackle climate change.
GTAG is an expert group, chaired by the GFI, made up of key financial market stakeholders and subject matter experts. Its advice is considered as an input to the Government’s policy development process. A robust, science-based taxonomy will accelerate investment in climate-friendly projects by establishing a common, clear and granular definition of the economic activities that will characterise the UK’s future green economy. The UK Green Taxonomy will build on existing international taxonomies, including the EU taxonomy, and will focus on net zero in the UK context. It is an opportunity for the UK to set a high bar globally with a rigorous, science-based taxonomy that helps accelerate green finance and support the UK’s transition to a net zero economy.