Independent expert group appointed to advise Government on standards for green investment
The Green Technical Advisory Group will oversee the Government’s delivery of a Green Taxonomy – a framework setting the bar for investments that can be defined as environmentally sustainable.
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The Green Technical Advisory Group (GTAG) will provide independent, non-binding advice to the Government on developing and implementing a Green Taxonomy in the UK context.
By clearly defining which economic activities count as environmentally sustainable, the UK Green Taxonomy will clamp down on greenwashing – unsubstantiated or exaggerated claims that an investment is environmentally friendly - and make it easier to understand how a firm is impacting the environment.
GTAG will be chaired by the Green Finance Institute and made up of financial and business stakeholders, taxonomy and data experts, and subject matter experts drawn from academia, NGOs, the Environment Agency and the Committee on Climate Change.
Linked to the GTAG, the Government has established an Energy Working Group (EWG) to provide independent, non-binding advice on developing Technical Screening Criteria for the energy sector within the Taxonomy. The EWG will be chaired by the BEIS Chief Scientific Advisor, with membership drawn from academia, expert organisations, and industry.
Last updated 22 September 2021 + show all updates
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Added the Energy Working Group Terms of Reference an Membership List
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First published.