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Date: 27 May 2021
Will Brexit make the UK economy greener? newstatesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newstatesman.com Daily Mail and Mail on Sunday newspapers.
March 2, 2021 | 12:02 am Font Size
FOR GREEN FINANCE enthusiasts, a new flavor of debt could emerge this year nature bonds.
Sales of green bonds which typically raise money for clean energy projects are expected to grow by a third this year to record levels, as governments and companies look to capitalize on booming demand at the same time as bolstering their image. Yet academics and activists say this alone isn’t enough to save the planet.
They’re lobbying for securities that more explicitly protect the natural world and are likely to get a hearing from policy makers when the United Nations meets in coming months to discuss biodiversity and climate change. Those issues are climbing up the agenda as governments decide how to spend trillions to recover from the virus.
Bank of England finds going green is no easy task
Including climate change in the central bank s remit alongside inflation and economic growth could prove to be very difficult
The trouble with doing a good job is that your to-do list just keeps getting longer.
Once upon a time the Bank of England simply had to set interest rates to keep inflation steady. Then came the financial crisis, and it was relied upon to dig the economy out of a gigantic hole.
After that, it took responsibility for repairing the financial system and avoiding future crises. Now it is being asked to save the planet, too.
London, Tees Valley and County Durham residents call for better support for green jobs
The organisers of citizens climate juries in London and North East have revealed their key calls to actions for Mayors, councils and the central government, including job creation in low-carbon sectors and a longer-term alternative to the Green Homes Grant.
Pictured: London and Durham
The London project, coordinated by Citizens UK, released its conclusions through a new Institute for Public Policy Research (IPPR) report this week after ten months of discussions. Taking the members’ calls to action into account, the think-tank has translated them into quantitative targets for the UK Government and for London’s next Mayor.