Consultation on Proposals to Develop a Guernsey Green Fund

Overview

Climate change represents an urgent and potentially irreversible threat to human societies and the environment. It is recognised as a common concern for governments around the world and, as such, there is a global agenda to reduce the harm being done to our planet. In accordance with international climate obligations, sufficient financial resources are required in order to implement policies, strategies and regulations to contribute to the meaningful mitigation of climate change.

Green investments mobilise capital into low-carbon projects, infrastructure and research that can reduce the effects of climate change and make the necessary transition into a green future. The proposals set out in this consultation paper provide a framework upon which green investments can be encouraged and facilitated in the Bailiwick of Guernsey. We wish to assure investors that their investments are contributing to initiatives that have a positive environmental impact on the planet and in so doing inspire confidence that their investments are well regulated. The island has a sterling reputation as a funds centre and has the ability to attract individuals and institutions who want to put their money into fund vehicles that pursue green objectives.

Why your views matter

The Commission is now seeking feedback and assistance from the financial services industry and other interested parties. 

Comments and suggestions on this paper from any party who has an interest in the green investment space will be highly valued.

Feedback is sought no later than midnight on Tuesday 29 May 2018.  Detailed information on how to respond is set out below.