Labour plots 'new banking ecosystem' to tackle climate emergency

Michael Holder
clock • 4 min read

Shadow Chancellor John McDonnell sets out plans to strengthen Bank of England toolkit to tackle climate risk and spur billions of green investment

Shadow Chancellor John McDonnell has unveiled plans to construct a "new banking ecosystem" firmly focused on zero carbon investment, pledging that Labour would "harness the full might of the Treasury in...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Policy

Government urged to deliver 'bold and fair' climate action plan

Government urged to deliver 'bold and fair' climate action plan

With less than 100 days until the deadline for the government to update the UK's national climate action plan, campaigners, trade unions, and businesses have called on Ministers to ramp up decarbonisation efforts

James Murray
clock 23 July 2025 • 4 min read
New CCC chair: Net zero can make UK economy 'more successful'

New CCC chair: Net zero can make UK economy 'more successful'

Nigel Topping officially takes up role as new permanent chair of the Climate Change Committee, after appointment confirmed by government

Michael Holder
clock 23 July 2025 • 3 min read
'Resetting this sector': Water industry faces biggest shake-up since privatisation

'Resetting this sector': Water industry faces biggest shake-up since privatisation

Cunliffe Review proposes nearly 90 separate reforms to tackle water industry's chronic poor performance, but critics warn plans 'won't stop sewage dumping or profiteering'

James Murray
clock 21 July 2025 • 7 min read