On 3 November 2021, the UK government issued a press release stating that the Chancellor is to set out plans for the UK to be the world’s first net zero aligned financial centre, calling for other countries to follow suit. Under the proposals, there will be new requirements for UK financial institutions and listed companies to publish net zero transition plans that detail how they will adapt and decarbonise as the UK moves towards to a net zero economy by 2050. The UK will also seek to address barriers to finance faced by developing countries with new green initiatives, including £100 million to respond to recommendations from the UK co-chaired Taskforce on Access to Climate Finance to make it faster and easier for developing countries to access finance for their climate plans. To combat greenwashing, a gold standard for transition plans will be drawn up by a new Transition Plan Taskforce, composed of industry and academic leaders, regulators, and civil society groups.