Lib Dems promise £100bn fund to fight climate change

The plan would be implemented over five years

Friday, November 15, 2019

The Liberal Democrats will pump an extra £100 billion into combating climate change if they win the general election, according to the party’s finance spokesman.

Deputy leader Sir Ed Davey will make a speech in Leeds today and is expected to unveil plans for an “economy-wide programme to tackle the climate emergency”.

He will say that over a five year term the party would spend and invest an extra £100 billion of public money on climate action and environmental preservation.

It would also include a "new £10 billion renewable power fund to leverage in over £100 billion of extra private climate investment".

The former Cabinet minister will argue that the investment will “fast-track deployment of clean energy”, and make Britain the world leader in offshore wind and tidal power.

“And we will invest £15 billion more to make every building in the country greener, with an emergency ten-year programme to save energy, end fuel poverty and cut heating bills,” he will add.

Sir Ed is also expected to criticise Conservative and Labour spending plans, labelling the economic debates as “fantasies born of nostalgia for a British Imperial past, competing with fantasies from a failed 1970s ideology.”

Meanwhile, Labour has promised to implement free broadband in every home and business over the next decade with a multibillion-pound plan.

And the Conservatives want to put “heart” back into local communities by putting hundreds of millions of pounds into towns and villages that have been “overlooked and left behind”.

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