Headlines have decried the end of green finance, yet the vast majority of institutions remain committed to climate action, writes UK Finance chair Bob Wigley on return from COP30

I have just returned from São Paulo and Belém in Brazil, where COP30 brought together governments, businesses and civil society to chart the next stage of the global climate journey.

Alongside other senior business leaders on the ground in Belem, I saw first hand the strong commitments UK businesses retain to climate action, confounding the headlines suggesting banks are no longer interested in their climate commitments.

Much of this perception stems from institutions retreating from the Net Zero Banking Alliance. Yet what we see on the ground is different: the vast majority of institutions remain committed, continuing to set targets, publish transition plans and mobilise capital. This is a point David Bailey, executive director of prudential policy at the Prudential Regulation........

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