Prime Minister Keir Starmer has acknowledged that the transition to renewable energy represents a crucial opportunity for the UK to be a leader in the future of clean energy and green technologies. Currently, however, a lack of consistency and clarity in policy direction risks squandering this opportunity. There needs to be a clear direction of travel within the UK away from fossil fuels and towards renewable solutions. Mobilising sustainable finance is essential in capitalising on this opportunity.

Across the topic of Transition Finance, the APPG has the following focus areas:

1. Measures which contradict, slow or undermine the green transition (fossil fuel licenses, tax reliefs, inefficient green subsidies etc)

2. Measures which incentivise and drive the transition in the UK (Decarbonisation via retrofitting, incentives for renewables and green technology investment)

3. Measures which ensure a Just Transition

4. Measures which incentivise transition financing abroad (De-risking investments in emerging markets, innovative financial solutions such as Special Drawing Rights and Debt-for-Nature swaps)