Commenting ahead of the launch by the APPG on Sustainable Finance of a major report by the LSE Grantham Research Institute, which recommends the creation of a UK National Investment Bank, with an explicit sustainability mandate,
Polly Billington, Director of UK100, a network of local leaders, and a member of the report’s advisory committee, said: “A Net Zero Development Bank is an idea whose time has come. Green investment will create thousands of jobs, tackle climate change and secure the recovery.
“This is a timely and well considered report which shows how we can fund the route to Net Zero with business and banks taking on a much bigger role in building back better. The LSE’s research is well aligned with the UK100 Resilient Recovery Taskforce and our joint report with Siemens on investing £5bn in renewable energy. We look forward to working with the Grantham Research Institute to make the case for a just transition and a Green New Deal.” (1) , (2)
The LSE press release and report are available (under embargo) here: https://ace.media/press-releases/-6/we-can-fund-the-route-to-net-zero-with-business-and-banks-taking-on-a-much-bigger-role
Journalists are invited to attend:
the APPG on Sustainable Finance Parliamentary Launch of the Grantham Research Institute’s “Banking on a Just Transition Report”,
Tuesday 14 July, 2-3pm (London time)
Register here: https://uk100-org.zoom.us/webinar/register/WN_fkDZ0uydQk-6iwVFAsNNeg
1. “Business and political leaders call for Ministers to spend £5bn toward meeting Conservative manifesto pledges on energy and insulation” – UK100 joint report with Siemens and Department for Business, Energy, Industrial Strategy: https://ace.media/press-releases/-6/business-and-political-leaders-call-for-ministers-to-spend-5bn-toward-meeting-conservative-manifesto-pledges-on-energy-and-insulation
2. UK100 Resilient Recovery Taskforce – Call for Green New Deal as 1 in 10 jobs (3.1 million) needs reskilling as part of green recovery https://www.uk100.org/wp-content/uploads/2020/07/REVISED-FINAL-Resilient-Recovery-Taskforce-Launch-2007021.pdf
About the APPG on Sustainable Finance: https://uk100.org/appg/
About UK100: https://www.uk100.org/#about
About the LSE Grantham Research Institute: http://www.lse.ac.uk/granthaminstitute/
