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

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

From 'biodegradable' to 'compostable' and 'bio-based' to 'bioplastic': Does the bioeconomy have a communications problem?

Survey: Vast majority of London black cabbies prefer electric to diesel taxis

More on Policy

Welsh government announces £98m funding boost for insulation, solar panels, and heat pumps
Policy

Welsh government announces £98m funding boost for insulation, solar panels, and heat pumps

Fresh funding to provide thousands of 'safe, comfortable, healthy and low carbon' social homes

Stuart Stone
Stuart Stone
clock 23 January 2026 • 2 min read
A warm front?
Policy

A warm front?

A huge amount rests on the government's ability to deliver an successful green loan scheme, but the Warm Homes Plan has the potential to boost the economy and improve the lives of millions of people

James Murray
James Murray
clock 22 January 2026 • 4 min read
Warm Homes Plan: A guide for the green economy
Policy

Warm Homes Plan: A guide for the green economy

BusinessGreen's all-you-need-to-know overview of the government's new £15bn Warm Homes Plan

Stuart Stone
Stuart Stone
clock 22 January 2026 • 13 min read