How to maximise potential when introducing mandatory Paris-aligned transition plans in the UK
Photo: Jarrett Tan
In recent years corporate transition plans have been high on the policy agenda – these are forward-looking strategies for how a firm plans to respond and contribute to the economy-wide transition towards net zero and climate resilience. In the next few months the UK Government is due to set out how it will implement its manifesto commitment to introduce mandatory requirements for firms to develop and implement transition plans that are aligned with the 1.5ºC goal of the Paris Agreement. In this commentary for the Centre for Economic Transition Expertise (CETEx), Ira Poensgen sets out how clear policies on corporate transition plan ambition could support much needed green, private-sector investment and the UK Government’s growth ambitions.