The Green Party has pledged to invest £100bn a year to fund its climate policy over the next decade, if it wins the election. Where would the money come from and how would it be spent? Borrowing. The Greens believe a large public investment, worth £1tn over 10 years, is essential to fight climate change and make Britain fossil fuel free by 2030. The party says the money would go on building 100,000 energy-efficient homes each year, revolutionising transport infrastructure and creating hundreds of thousands of low-carbon jobs. The bulk (£91.2bn a year) would come from borrowing, with the rest from tax changes. This would represent a huge hike on current borrowing levels. The independent Institute for Fiscal Studies (IFS), for example, says government borrowing could be about £55bn this year.
BBC 6th Nov 2019 read more »