MPs call on Bank of England to take lead by greening QE

Green QE from Adobe 24Jan21 575x375
By Jon Hay
25 Jan 2021

A cross-party group of UK members of Parliament has written to Andrew Bailey, governor of the Bank of England, calling on the Bank to start greening its quantitative easing and Covid support programmes.

“The Bank must begin a process of aligning its corporate bond purchasing programme with Paris Agreement goals as a matter of urgency,” said the letter from the Environmental Audit Committee of the House of Commons.

In the EAC’s sights are the Bank’s efforts to keep the UK economy afloat ...

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