Johnson takes over Macron with a flurry of green chords – .

Johnson takes over Macron with a flurry of green chords – .

Rishi Sunak, the Chancellor, hosted 320 summit participants and ministers at a dinner in the city.

Mr Macron took advantage of the UK’s restrictive quarantine rules by inviting 120 foreign leaders to his event at the Palace of Versailles in June.

Its “Choose France” summit struck deals worth € 3.5 billion (£ 3 billion) with JP Morgan boss Jamie Dimon and his Goldman Sachs counterpart Mr. Solomon.

Mr Johnson said new deals worth nearly £ 10bn would be made at the summit, although some, like Iberdrola’s £ 6bn investment via ScottishPower for a wind farm offshore East Anglia, were originally announced in 2019.

A £ 1 billion investment by waste recycling company Viridor was unveiled earlier this year in May.

Mr Johnson continued: “Major global investors have seen the UK’s enormous potential for growth and innovation in industries of the future.

“This is just the beginning. We will see new partnerships for green growth forge at today’s World Investment Summit, as we look to Cop26 and beyond. “

Ignacio Galán, Chairman of Iberdrola, said: “Our £ 6bn investment in the East Anglia hub would be an important step towards achieving enough offshore wind to power every UK household by 2030.”

A spokesperson for the Department for International Trade said it was the first time that the President of Iberdrola had made a personal commitment to invest £ 6 billion in the UK.

Mr Sunak, meanwhile, gave more details on plans to end ‘greenwashing’ by forcing large companies to disclose whether they are on track for the UK to achieve net zero carbon emissions by 2050. .

Unveiling a ‘road map’ for sustainable investing, the Chancellor said: “We want sustainability to be a key part of investment decisions, and our plans will provide investors with the right information to make more sustainable decisions. the environment. ”


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