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<p>The Government’s private finance objective for the upcoming COP26 climate change
forum is to ensure that every professional financial decision takes climate change
into account. The recovery from COVID-19 will determine the mitigation and adaptation
pathways for decades to come.</p><p> </p><p>The finance campaign will provide the
conditions for a future that is genuinely greener, more resilient and more sustainable
than the past. Action on finance underpins all the other COP campaigns: adaptation
and resilience, energy transition, nature and zero-emission vehicles. Without the
right levels of finance, the rest is not possible.</p><p> </p><p>The Government has
already taken action to ensure the UK is the world-leading centre for green finance
including through announcing an intention to make disclosures aligned with the Taskforce
on Climate-related Financial Disclosures (TCFD) fully mandatory across the economy
by 2025, making the UK the first country to do so.</p><p> </p><p>Additionally, the
Government has committed to the implementation of a green taxonomy. This will allow
us to accelerate our work towards a greener financial sector, by providing a common
definition for environmentally sustainable economy activities.</p><p>The Cryptoasset
Taskforce, comprising HM Treasury, the Financial Conduct Authority, and the Bank of
England, considers the impact of cryptoassets and assesses what, if any, regulation
is required in response. The Government stands ready to respond to emerging risks
or changes in the market and will continue to monitor developments in cryptoassets.</p>
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