The Climate Change Policy 2020-2050 and Climate Change Action Plan were approved by the States Assembly in August 2020. This legislates the target objective for the island's emissions as set by the 2020-2050 Energy Policy, sets the scope of emissions to be included and the hierarchical approach to be applied to reduce emissions, in order to mitigate or compensate climate change impact.
In June 2020 the Policy & Resources Committee published the 'Recovery Plan' to revive the economy, health & care, and prosperity of Islanders, and to improve resilience for the future.
- Island Global Research (IGR) have provided a summary report on Climate Change perceptions and views from the Island based on findings from a survey they carried out in November 2019. Insight and feedback from the report were used to inform the Climate Change Change Policy and Action Plan. The report is available in the downloads section.
- IGR facilitated a workshop with officers from across the States' and stakeholders from local organisations in December 2019 in order to pilot and give feedback on a further, in-depth independent survey on perceptions, barriers and behavioural changes to mitigate climate change that launched in January 2020.
- The survey focused on heating and on-island travel, two of the biggest contributors to greenhouse gas emissions, to understand the perceptions and barriers around changes to improve energy efficiency at home and to reduce emissions for on-island travel; what lifestyles changes people have made or would be willing to make in the future; and perceptions on recent behavioural changes to improve re-cycling rates and reduce waste. As it is highly likely that we will all need to make some changes in the future in order to improve sustainability, to mitigate against climate change and to adapt, the survey results (available in the download section) show how important action to mitigate climate change will be in the coming months and years. "There was widespread agreement on the need for action on climate change. It was interesting to hear what measures people are already taking. It was also encouraging to hear how many people would be willing to change their behaviour in ways that would lead to reductions in carbon emissions." (Lindsay Jefferies, Managing Director of Island Global Research)
Guernsey Green Finance
- In 2019 the States of Guernsey first allocated £300K to 'We Are Guernsey' to set up Guernsey Green Finance and to establish Guernsey as a leader in green and sustainable finance. It is Guernsey's intention to use its expertise and experience as a global finance centre to the cause of sustainable finance.
- Since then, Guernsey Green Finance has assisted with several world-leading products and services, including the world's first regulated green fund regime, the Guernsey Green Fund, and The International Stock Exchange segment, TISE Sustainable. Guernsey Green Finance has also released multiple research reports on green and sustainable finance and joined international networks including the United Nations Financial Centres for Sustainability.
- Guernsey is also home to the annual Sustainable Finance Week, with guest speakers from sustainable finance leaders from Guernsey and all over the world.
Guernsey is now recognised as a key financial centre leading on green and sustainable finance.