The comments made by Bridget Phillipson, the Shadow Chief Secretary to the Treasury, on 30 June 2021.
There’s a real danger this green bonds announcement is all talk and no action – just like the Chancellor’s long delayed Net Zero Review – and a distraction from the critical job of halting climate breakdown.
We need far more details and a watertight guarantee that these bonds are spent properly on the green jobs and initiatives that will curb climate breakdown.
The Chancellor must stop dragging his heels, and publish his final report into the Net Zero Review which has now been delayed since Autumn 2020.
And he should hardwire his Net Zero targets into his upcoming spending review, as Labour would do.