The Guardian
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2021-03-05
New infrastructure bank won't help UK reach net zero, says Labour
Party says bank announced in budget needs ‘watertight’ environmental mandate
Party says bank announced in budget needs ‘watertight’ environmental mandate
Central banks are usually tasked with keeping inflation in check, while promoting economic growth and employment. Now, add fighting the climate crisis to the list.
The final Budget before the UK hosts a key round of global climate talks was a ‘missed opportunity’ to put forward world-leading green measures, experts tell Daisy Dunne
Green measures such as a change to the Bank of England's remit do not go far enough, critics say.
It is hard to figure out what "green" investment is, let alone how the central bank could get involved
Chancellor gave few details about net zero plans and did not mention his flagship policy