UK to unveil plan for first 'net zero' financial centre

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UK to unveil plan for first 'net zero' financial centre
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Finance minister Rishi Sunak is to announce plans to make Britain the world's first net zero financial services centre by 2050.

Britain's Chancellor of the Exchequer Rishi Sunak speaks in the House of Commons.LONDON - Finance minister Rishi Sunak is to announce plans to make Britain the world's first net zero financial services centre by 2050, the Treasury said.

Sunak will unveil proposals for financial institutions and listed companies that operate primarily in Britain to be required to publish net-zero transition plans. Sunak will describe these commitments as"historic", saying they will help fund the move away from coal, the shift to electric cars and planting trees, his department said.

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