Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Investing

UK says billions already raised for “green revolution” ahead of investment summit

2021 10 15T000323Z 1 LYNXMPEH9E003 RTROPTP 4 BRITAIN INVESTMENT - Global Banking | Finance

By William James

LONDON (Reuters) – Britain’s plan for a “green industrial revolution” has already attracted billions of pounds of investment, the government said on Thursday ahead of an investment summit in London which will bring together some of the world’s most powerful financiers.

Government data showed that investment worth 5.85 billion pounds ($8.01 billion) had been delivered or committed since November 2020, when Prime Minister Boris Johnson launched a 10-point plan to prioritise green technology and climate goals in Britain’s economic recovery from the COVID-19 pandemic.

The plan targets 42 billion pounds of private investment by 2030 in energy, buildings, transport, innovation and the natural environment, alongside the creation of 250,000 “green jobs”.

Britain is keen to promote its green credentials before hosting the COP26 U.N. climate conference in Glasgow next month, where it will try to broker a complex international deal to stall rising global temperatures.

The government also wants to attract funding that will help it gain an edge in the developed world’s race to capitalise on demand for better green technology and the highly-skilled, highly-paid jobs that should come with it.

With that in mind, Johnson will next Tuesday host top bankers including JPMorgan Chase & Co Chief Executive Jamie Dimon and Blackrock CEO Larry Fink at an investment summit in London.

The event, attended by ministers, industry leaders and British royals, is designed to drum up financing for projects to help Britain meet its climate goals and regenerate struggling post-industrial areas of the country left behind by a decades-long economic focus on the services sector.

($1 = 0.7307 pounds)

(Reporting by William James; Editing by Jan Harvey)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post