On 18 December 2023, the Government published the Terms of Reference for the Transition Finance Market Review.

In 2023 the Government announced in its Green Finance Strategy that it would commission a market-led review into growing transition finance in the UK, to look at how to support companies to continue to access the capital they need to decarbonise and deliver the UK’s net zero ambitions. The review has now been commissioned by Treasury Lords Minister Baroness Vere and Department for Energy Security and Net Zero Minister Lord Callanan and is led by Vanessa Havard-Williams. The review lead will be supported by a panel of expert advisors and a secretariat in partnership with the City of London Corporation. It will report back to the Government by July 2024.