Ed Davey: Lib Dems to spend £100bn to tackle climate emergency

In a keynote speech in Leeds tomorrow, Ed Davey will announce that the Lib Dems will be putting our money where our mouth is about the climate emergency. We’ll spend £100 billion on measures to tackle it:

A Liberal Democrat Government will jump-start an economy-wide programme to tackle the climate emergency: I can announce today that across a 5 year Parliament, Liberal Democrats would spend and invest an extra £100 billion of public finance on climate action and environmental preservation.

“This includes a new £10 billion Renewable Power Fund to leverage in over £100 billion of extra private climate investment. This will fast-track deployment of clean energy, to make Britain not just the world leader in offshore wind, but also the global number one in tidal power too.  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.

But we’ll have that £50 billion Remain bonus:

Brexit is already costing the economy £1 billion a week. And the future cost to Britain in lower economic growth could be even higher, if Brexit were actually to happen.

That’s why the election debate on the economy and public spending has Brexit at its heart. For the plain fact is, no party’s economic plan is remotely credible unless it starts with stopping Brexit.  With stopping Brexit as our number one economic policy, Liberal Democrats won’t just grow the economy faster, but we’ll generate a £50 billion Remain Bonus – to pay for our huge extra investment in schools and our policies to tackle inequality.

He will also criticise the Conservatives:

The Conservatives have made our economy weak – much weaker than people realise. Too many people can’t live a secure, happy and fulfilling life. And too many businesses face crippling uncertainty over their future.

Yet so far, the economy debate in this election has been a debate between fantasies. Fantasies born of nostalgia for a British Imperial past. Competing with fantasies from a failed 1970s ideology.

* Caron Lindsay is Editor of Liberal Democrat Voice and blogs at Caron's Musings

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4 Comments

  • David Garlick 15th Nov '19 - 11:06am

    Fantastic news from Ed. A great start. I wish it were more but it can be, will need to be, ramped up to deal with the necessary mitigation as Climate Change /Global Warming causes us ever more problems.

  • Peter Hirst 15th Nov '19 - 6:33pm

    The climate will suffer if we leave the eu. Combating climate change needs money and we will have less of it. It is an indulgence that we cannot afford at this time.

  • Peter Hirst 15th Nov '19 - 7:15pm

    How different our country will look with these new trees, all taking carbon out of the atmosphere, promoting biodiversity and creating new areas for recreational activities.

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