UK wants to be global hub for green finance

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The UK wants to restore momentum to negotiations at the United Nations climate change conference in Cancun, Mexico next week in part to help it realise the goal of making London the global hub for green finance, ministers said at a briefing.

"We have a very clear ambition to make London the global hub for green financial services – potentially a huge new market," Greg Baker, UK minister of state for energy and climate change, said at the briefing. "If we can use our expertise and genius for fina