As a knowledge partner of Chapter Zero, the Centre for Climate Engagement has written a briefing for board directors highlighting key climate policy updates from October and November 2024, including the UK International Investment Summit, Autumn Budget, COP29, and the Chancellor’s Mansion House speech.
Briefing highlights
- Increased investment in technology and green energy: The International Investment Summit raised £63 billion for sectors including technology and green energy, setting the stage for the Government’s focus on public-private collaboration to drive growth.
- UK policy signals supporting green growth: The Budget outlined “Rebuilding Britain” pillars and reaffirmed the 2035 climate target, linking climate security to economic stability in COP29 commitments – which have been upheld by COP29 commitments to accelerate emissions reductions as part of the UK’s updated Nationally Determined Contribution (NDC).
- Clarity on taxation for green investment: The Corporate Tax Roadmap 2024 aims to boost investor confidence by providing tax certainty for major projects, encouraging green innovation and infrastructure development.
- 10-year Modern Industrial Strategy launched: The Government’s Invest 2035 plan focuses on sustainable, resilient growth in high-priority sectors, with public consultation underway for Spring 2025 publication.
- Potential increased scrutiny over green funding: Businesses must align strategies with the £100 billion investment focus while preparing for heightened reporting and compliance requirements tied to green initiatives.
The full briefing was published by Chapter Zero, a network for non-executive directors and chairs who are integrating climate action into business strategy. Chapter Zero is the UK chapter of the Climate Governance Initiative, developed with the World Economic Forum.
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