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Labour backs IPPR call for green job creation to drive
recovery
In its proposals, the Labour
party has also backed IPPR’s proposals for a National Investment
Bank focused on climate, a re-training and skills programme and
an expanded energy efficiency and retrofit
programme.
On Sunday IPPR revealed that
over the course of this Parliament the government has committed
to investing just 12 per cent of what is needed to meet the UK’s
net zero emissions target. The think tank estimates that £33
billion a year in additional annual investment is needed to meet
the net zero target.
Luke
Murphy, IPPR Associate Director for energy, climate, housing and
infrastructure,
said:
"We welcome Labour's call
for the government to step-up investment in a green recovery.
With a vaccine for Covid-19 potentially imminent, now is the time
for the government to invest for the future, to create jobs and
opportunity across the country, lower emissions and restore
nature, and address wider
inequality.
"IPPR analysis has shown
that the government is investing a little over a tenth of the
funds needed to meet net zero and restore nature. So while a
stimulus is needed now, there will also need to be sustained
investment annually to tackle the climate and nature
crises.
"There are huge
opportunities to be harnessed in the low carbon economy but the
government must set out a clear strategy, ambitious policies and
the investment needed to realise
them."
