The Treasury has trailed a slew of major green measures it expects to form part of Wednesday’s Budget announcement, including further details underpinning its plan for the UK’s first sovereign green bond later this year, and its multi-billion pound backing for a new UK Infrastructure Bank. Set for launch in the spring with a nationwide remit, the UK Infrastructure Bank is set to be supported by £12bn initial capital and £10bn in government guarantees, in a bid to unlock as much as £40bn of private finance in support of the Downing Street’s ‘levelling up’ agenda and achieving net zero by 2050, HMT revealed on Saturday.
Business Green 1st March 2021 read more »
Chancellor Rishi Sunak has confirmed that he will launch green savings bonds at the Budget on Wednesday. There are also media reports of a £1bn portfolio to support innovations that will accelerate the UK’s net-zero transition.
Edie 1st March 2021 read more »