Britain unveils green plan for post-Brexit finance

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LONDON - Britain demanded Monday that companies reveal the impact of climate change as it unveiled its first-ever sovereign green bond under measures to help it reach net-zero carbon emissions by 2050

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The UK government aims to meet the Paris climate agreement goal of net-zero carbon emissions by 2050.Britain has sunk into a historic recession as a result of the COVID-19 pandemic, stoking fears of a double financial hit as the full effect of Brexit comes into force on 1 January. Sunak told lawmakers that Britain's departure from the EU was "an opportunity to set out a new vision" for financial services.

The data will help companies and investors assess the financial impact of the climate crisis - and aid the nation's transition to a carbon-neutral economy.

 

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