MPs see banks at heart of 'just transition'

UK steel closed door industrial from Adobe 14Jul20 575x375
By Jon Hay
14 Jul 2020

Two groups of UK MPs held an online meeting today to welcome and promote a report into how the banking sector can support a ‘just transition’ to a low carbon economy. The report’s recommendations included creating a National Investment Bank to replace the role played by the European Investment Bank and for the UK to issue a green Gilt.

‘Just transition’ has become a widely used term for greening the economy in a way that does not to harm people working in high carbon industries that have to change radically or close — and indeed, creates opportunities to make a more cohesive and prosperous society.

“One of many ...

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