Labour report proposes incorporating Bank of England in green finance push
A report commissioned by the UK Labour Party advocates incentivising green lending by tweaking the operations of the Bank of England, through changes to the collateral framework and the corporate bond purchase programme, as well as through changing banks’ capital requirements.
In promoting the use of these levers, the report tackles an area unexplored by the UK government’s own Green Finance Strategy published in July. It criticises the government’s report for not suggesting specific measures to discourage "brown" finance.Ideas like greening purchase programmes and banks’ ...
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