Could a new, lower 'green interest rate' accelerate the UK's path to net zero?

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

New Economic Foundation calls for lower interest rates for green investments in order to save households and businesses billions of pounds a year while supporting the net zero transition

The Bank of England should introduce a new, lower "green interest rate" for net zero investments to help the UK meet its net zero targets, which could save businesses and households as much as £6.2bn on...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Investment

Toxic corporate bonds are bankrolling the climate crisis

Toxic corporate bonds are bankrolling the climate crisis

Asset managers and other corporate bond investors have become the fossil fuel industry's funders of last resort, warns Common Wealth's Sophie Flinders

Sophie Flinders, Common Wealth
clock 07 December 2023 • 4 min read
Pragmatic Park - Credit: Pragmatic Semiconductor

'Pivotal step': UKIB invests £60m in Pragmatic Semiconductor

UK Infrastructure Bank pledges £60m to move towards improved semiconductor supply chains and a reindustrialised north east

Stuart Stone
clock 06 December 2023 • 3 min read
Credit: iStock

Report: Every dollar invested in climate resilience can yield up to $15 in financial benefits

Financing climate adaptation and resilience provides opportunity for businesses and private investors, BCG, GRP and USAID study claims

Stuart Stone
clock 06 December 2023 • 3 min read