Climate policy
The manifestation of climate change-induced physical risks, the risks of a disorderly transition, and the risk of a failure to transition to net zero are causing irreversible impacts on society and the environment, and destabilising effects on the financial system. A clear, consistent, and enabling policy environment is critical to the viability of the net zero transition, and successful policy implementation helps minimise risks to the real economy, to individual systems, and to the financial system as a whole.
Reports by region/category
Global
2022 Policy Roundup
In 2022 there was a strong focus of sustainable finance policy reforms across jurisdictions worldwide. In this briefing we provide a short roundup of policy developments in each of the PRI Policy Team’s key jurisdictions.
Briefing: A comparative analysis of draft climate disclosure rules and standards
Similarities and differences across major climate-related disclosure requirements proposed this year, and a comparison with the recommendations and guidance from the TCFD.
PRI discussion paper on TCFD forward-looking metrics consultation
[Region: Global] This paper looks at the TCFD consultation on forward-looking metrics for financial institutions and makes some recommendations for how the Taskforce may look to develop its guidance.
EU
Implementing a 2040 climate target for a competitive and just European Green Deal
This brief summarises PRI recommendations for an EU 2040 climate target and a strong policy framework to implement a competitive net zero economy, accelerate finance for the transition, and create a prosperous and fair European Green Deal for all.
EU regulation on ESG ratings
This paper focuses on the EU legislative proposal to regulate ESG rating providers, as discussed in trilogues in January 2024.
2022 Policy Roundup
In 2022 there was a strong focus of sustainable finance policy reforms across jurisdictions worldwide. In this briefing we provide a short roundup of policy developments in each of the PRI Policy Team’s key jurisdictions.
Powering a Green Recovery: How EU recovery funds can support investors and the European Green Deal
The Institutional Investors Group on Climate Change (IIGCC), the PRI and CDP – under the auspices of The Investor Agenda, a common leadership agenda on the climate crisis that is unifying, comprehensive and focused on accelerating investor action for a net zero emissions economy – commissioned Chronos Sustainability to produce ...
Reconciling energy security with net zero commitments (EU)
The war in Ukraine has accentuated the EU’s dependence on fossil fuel imports from Russia and further exacerbated the triple energy policy challenge – energy security, affordability, and addressing climate change – facing governments in Europe and across the globe.
Investor briefing: EU sustainable finance taxonomy
This briefing provides an overview of the EU taxonomy, including a proposed delegated act on gas and nuclear energy.
EU taxonomy - PRI welcomes adoption of first climate delegated act
[Region: EU] The European Council has just approved the EU taxonomy climate Delegated Act (DA), confirming into EU law the adoption of Technical Screening Criteria (TSC) for activities that contribute substantially to climate change mitigation and adaptation objectives.
Alternative solutions to include gas-fired power and nuclear energy in the EU sustainable taxonomy
[Region: EU] This position paper explains why gas-fired power and nuclear energy are not aligned with the objectives of the EU Sustainable Taxonomy, and presents alternative options for their inclusion in the framework.
Delivering net zero emissions in the European Union
[Region: EU] This briefing sets out key priorities to set the EU on a pathway to deliver a net zero emissions economy by 2050; and to do so in a way that is economically, politically and technologically achievable and ultimately beneficial. It is based on research from PRI’s Inevitable Policy ...
UK
PRI and IIGCC policy briefing on key sustainable finance policy priorities for the UK
This joint briefing by the PRI and IIGCC identifies areas that the UK Government should prioritise in the short-term in 2024 to accelerate delivery of the building blocks of the UK’s sustainable finance framework and support progress against the UK’s net zero objectives.
Letter regarding the UK Prime Minister’s backtrack on vital net zero policies
[Region: UK] Letter from PRI, IIGCC, UKSIF, supported by investors, on the UK Prime Minister’s backtrack on vital net zero policies.
COP out: how the promise of Glasgow has faded
By Eliette Riera, Head of UK Policy, PRI
Investor Briefing: Independent Review of Net Zero
Chris Skidmore’s recently published Net Zero Review captures the transition to a net zero economy as a major pro-business and pro-investment opportunity. It offers policy recommendations centred around backing business, backing local action, delivering energy efficient homes, and using infrastructure to unlock net zero.
2022 Policy Roundup
In 2022 there was a strong focus of sustainable finance policy reforms across jurisdictions worldwide. In this briefing we provide a short roundup of policy developments in each of the PRI Policy Team’s key jurisdictions.
Reconciling energy security with net zero commitments (UK)
The war in Ukraine, alongside the unexpected, renewed focus on energy security and related debates on maintaining the focus on net zero commitments have prompted an update of the PRI’s UK climate policy roadmap (published in June 2020), which reflects the release of the UK Government’s British Energy Security Strategy ...
How government and investors can deliver net zero in the UK
[Region: UK] This briefing sets out the key policy priorities to put the UK on a trajectory to meet net zero emissions by 2050, and the role that investors can play. These priorities are consistent with a green recovery from the COVID-19 crisis.
China
2022 Policy Roundup
In 2022 there was a strong focus of sustainable finance policy reforms across jurisdictions worldwide. In this briefing we provide a short roundup of policy developments in each of the PRI Policy Team’s key jurisdictions.
Delivering carbon neutrality in China
[Region: China] This briefing sets out key policy priorities to set China on a pathway to deliver carbon neutrality; and to do so in a way that is economically, politically and technologically achievable and ultimately beneficial. It is based on research from PRI’s Inevitable Policy Response project.
Japan
2022 Policy Roundup
In 2022 there was a strong focus of sustainable finance policy reforms across jurisdictions worldwide. In this briefing we provide a short roundup of policy developments in each of the PRI Policy Team’s key jurisdictions.
Policy briefing: Japan’s power sector and net zero
Japan’s commitment to net-zero by 2050, announced by the former Prime Minister Yoshihide Suga and enshrined in Japanese law, has profound implications for the country’s power sector.
Delivering net zero emissions in Japan
[Region: Japan] This briefing sets out key policy priorities to set Japan on a pathway to achieve a net zero emissions economy; and to do so in a way that is economically, politically and technologically achievable and ultimately beneficial. It is based on research from PRI’s Inevitable Policy Response project.
US
Demand for Climate Data is Not Going Away
Greg Hershman, Head of US Policy, PRI
2022 Policy Roundup
In 2022 there was a strong focus of sustainable finance policy reforms across jurisdictions worldwide. In this briefing we provide a short roundup of policy developments in each of the PRI Policy Team’s key jurisdictions.
How government and investors can deliver net-zero in the US
[Region: US] This report sets out priorities for US federal climate policy which are economically feasible, readily implementable, and necessary. Policy reform can also represent a growth opportunity to enhance US competitiveness and retool large sections of the US economy.
PRI Climate Policy Engagement
The PRI also engages extensively on climate policy in partnership with external climate programmes and investors initiatives. This includes through our Secretariat capacity at the UN-convened Net Zero Asset Owner Alliance, and with the Investor Agenda.
NZAOA Position Paper on Governmental Carbon Pricing
In this paper, the Net-Zero Asset Owner Alliance calls on policymakers to implement ambitious and reliable carbon prices, to fulfil the Paris Agreement commitments.
Investor Agenda Global Investor Statements and regional policy engagements
This page presents what the Investor Agenda does to advocate to policymakers on the global and international stage, and in regional jurisdictions, via Country Policy Groups.
- The PRI is an investor initiative in partnership with UNEP Finance Initiative and UN Global Compact.
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