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Mobilising Green Investment 2023 Green Finance Strategy
Mobilising Green Investment 2023 Green Finance Strategy
Green investment across the UK economy: progress, priorities and the path ahead 3.1.1 Progress to date in driving green investment 6. The economic, business and financial transformation ahead creates investment opportunities across every sector of the UK economy.
The UK has already made significant progress in attracting investment into green sectors. Annual investment in low carbon sectors has more than doubled in real terms over the past five years. Across 2021 and 2022 alone, £50 billion of new investments were delivered in low carbon sectors in the UK. 83 7.
These investments are being made across all regions of the UK, and support our mission to level up the UK. 84 Figure 5 below highlights some of the projects that have secured investment in recent years to support our net zero objective. 8. That said, the transition required to meet our net zero, climate resilience and environmental objectives will require significant further private investment across all areas of the economy (see section 3.1.2).
We are in an increasingly competitive international race to secure this investment and so the UK government is committed to act now. We will answer investor and industry calls to provide the long-term certainty, strategic de-risking, and confidence to invest in the technologies and infrastructure necessary to deliver our green investment objectives.
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