Posts Tagged: green spending

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Green Investment Bank: too little, too late

George Osborne’s Spending Review, just announced in Parliament with the full document available online here, makes provision for a new Green Investment Bank (GIB). This is a vital piece of policy to take forward the low-carbon transition. But the announcements look to be too little, too late.

The Government has pledged just £1bn of direct public funds for the GIB – despite a previously anticipated figure of £2bn – and falling far short of the £4-6bn that analysts and campaigners had been calling for. Read more

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What Danny Alexander’s gaffe says on climate spending

Yesterday evening Chief Secretary to the Treasury Danny Alexander was photographed reading an internal Treasury briefing on Spending Review announcements. When enlarged, the paparazzi shot contained some revelations: most of the coverage has focused on the Government”s acknowledgement that budget cuts could see the loss of 500,000 public sector jobs. But few have picked up that the other page of the briefing discussed environment spending.

A few points emerge from the document: Read more