Aldersgate Group’s Post

As election campaigns begin this is an opportunity for the UK to re-establish itself as a climate leader, giving investors the confidence they need to make long-term investments.   To help, Our Call to Action outlines investor priorities for the next government. It lists 10 clear policy asks grouped under five areas which can accelerate the UK’s transition to a competitive, energy-secure and net zero economy. It was informed by detailed insights from our members.   This includes developing a whole-of-government approach to the delivery of net zero targets, devising a comprehensive green industrial strategy that supports decarbonisation and competitiveness, and increasing the UK’s adaptation and resilience to climate impacts.   Whoever wins the right to lead, we hope they seize this moment to shift gears and pivot permanently towards decarbonisation.   Thank you to the many members who shared their experiences, including Faith Ward and Chris Dodwell. And a special thanks to IIGCC's excellent policy team.   https://lnkd.in/dV3UyJdy   #NetZero #ClimateChange #UKElections #Policy

Labour Party secured a sizeable majority of over 400 seats, which could be a pivotal moment in British politics to end a prolonged period of political and economic instability. Hopefully, it also opens the door to greater climate action. This in-depth analysis by IIGCC compares Labour Party's manifesto with key policy recommendations made under IIGCC's Call to Action for the UK Government. #NetZero #SustainableFinance #UKElections

A timely and critical message to the new government from Principles for Responsible Investment: "The transition to a net-zero, nature positive economy, the future competitiveness of the UK and the wellbeing of communities, workers and consumers are inextricably linked and can be tackled together". Read the full letter here: https://lnkd.in/eA5EEakC #EarthCapital #PRI #SustainableInvesting

We support the calls for a long-term and ‘whole-of-government’ approach to the delivery of the UK’s net zero strategy, as outlined by the UN Principles for Responsible Investment in a letter to new Prime Minister Keir Starmer.   The transition to a net zero economy is crucial if we are to limit the worst effects of climate change. All sections of business and society must work together to achieve it. As a responsible investor, we are committed to achieving net zero by 2050 or sooner. Investment in low carbon infrastructure and technology solutions will be needed to enable the transition. To date, we have invested an estimated £6.9bn in climate solutions via our equity and fixed income portfolios, with an additional £2.6bn committed to our Climate Opportunities strategy in private markets.  

New UK Prime Minister needs a whole-of-government approach to deliver net zero. Our CEO, David Atkin, has co-signed a letter to Keir Starmer, alongside the CEOs of UKSIF and Institutional Investors Group on Climate Change (IIGCC). In the letter, the three organisations urge the new PM to create a supportive policy environment in order to fully seize the economic, social, and environmental opportunities presented by the transition to net zero by 2050. Investment in green industries and technologies is accelerating, but it needs the right policy incentives to attract private finance. Read more of our letter here:https://lnkd.in/eScp7_G9

As a signatory of Principles for Responsible Investment we’re in strong support of the recent letter sent by them, Institutional Investors Group on Climate Change (IIGCC) and UKSIF to the new PM, Keir Starmer 📝 The letter urges the new Labour government to develop a long-term and ambitious net zero strategy, including:  🎯 Targeted incentives 🏭 A comprehensive industrial strategy to decarbonise the wider economy 🌱 Restoration of natural assets to ensure our resilience 📊 Delivering the UK’s upcoming Nationally Determined Contribution and Carbon Budget See the full letter below 👇 For financial professionals only #Labour #KeirStarmer #ParmenionInvestment #NetZero 

If there is one question I am repeatedly asked by domestic and international business leaders alike it’s what message is the UK sending about its ambitions for a green economy and tackling climate and nature decline? In this City AM piece ahead of the Spring Budget Rain Newton-Smith articulates that whilst net zero has become a political dividing line, any next government must play smart with policy. That’s why this week the CBI (Confederation of British Industry) will be looking for progress on : 1️⃣ Boosting grid infrastructure 2️⃣ A green calling card for the UK that harnesses our strengths 3️⃣ A Net Zero Investment Plan to provide clarity on the mix of catalytic public funding and market mechanisms to unlock investment https://lnkd.in/ejyufWe2 #springbudget2024 #netzerotransition

🌍 The Path to a Greener UK🌍 Opportunities and Challenges Ahead Labour’s victory in the general election has set the stage for a bold transition to a green and low-carbon economy. Experts and campaigners are urging the new government to act swiftly on its net zero commitments. Opportunities: Strong Mandate for Action: Labour's landslide victory, alongside the Green Party’s best performance ever, provides a robust mandate for climate action. Public Support: Voter dissatisfaction with the Conservative's environmental policies highlights strong public demand for green initiatives. Opportunities for Leadership: Labour has the chance to position the UK as a leader in global climate action, with significant investments in renewable energy and green jobs. Broad Agenda: Plans include boosting onshore wind farms, solar energy, public transport, heat pumps, home insulation, and ensuring a just transition for workers in fossil fuel industries. Challenges: Urgent Need for a Clear Strategy: A detailed roadmap to achieve net zero emissions by 2050 is essential. The outgoing Conservative government’s weakening of climate policies has left a credibility gap. Infrastructure and Regulation: Reforms in planning, grid connections, and sewage management are critical. Economic Considerations: Ensuring economic revival and energy independence through renewable energy must be balanced against existing political and financial constraints. Internal and External Pressures: Labour Party must navigate internal doubts about net zero commitments and external pressures from Reform UK’s anti-net zero stance, which could influence broader political dynamics. Labour’s victory is a call to action. The environment is high on the public agenda, and now is the time to seize opportunities for a sustainable future. #UKPolitics #GreenTransition #NetZero #RenewableEnergy #ClimateAction #LabourParty Source: The Guardian

As signatories of the PRI and members of UKSIF we strongly agree and support this approach. We urgently need clear policy direction to seize the opportunities presented by a net zero transition.