2023 Green Finance Strategy 14. The UK government is working closely with devolved administration partners to achieve our greenhouse gas emission reduction targets. Our net zero target covers the whole of the UK, and all parts of the UK have an integral role to play in delivering the UK's carbon budgets leading up to 2050. 15. While green finance policy in the UK is reserved, and applies across the UK, there are a number of initiatives underway across Scotland, Wales and Northern Ireland to catalyse investment into net zero and nature's recovery.