International Experiences in Green Finance Development

15 Green Finance Ecosystem in London Table 2: Some of the Key Stakeholders in the Green Finance Ecosystem in London Type Organization Function Working group Green Finance Taskforce To make macro policy in 2017 UK Green Finance Institute (UKGFI) To make macro policy in 2019 Green Technical Advisory Group (GTAG) Established in June 2021 to design and implement UK Green Taxonomy Transition Plan Taskforce (TPT) Established in 2022 to accelerate the green classification system, UK Green Taxonomy Regulator Financial Conduct Authority (FCA) Responsible for regulating and supervising financial markets, including banks, insurance companies and other financial institutions Financial Reporting Council (FRC) Formulates and enforces accounting, auditing and corporate governance standards Pensions Regulator Regulates and supervises corporate pension schemes Prudential Regulation Authority (PRA) Regulates and supervises the stability and risk management of banks, insurance companies and financial markets Bank of England Plays the role of the central bank in the UK to formulate national financial policy