Sources say party will keep plan to invest in green infrastructure but will in effect cut green ambitions by about two-thirds
The Green party is calling for a wealth tax to fund a green investment programme. Here is another extract from the statement issued by Carla Denyer, the Green party’s co-leader, criticising Labour for dropping the £28bn a year target for green investment. (See 9.19am.) She said:
A different approach through tax reforms, in particular by introducing a wealth tax on the super-rich, could help pay for the green transition. There is more than enough money in the economy to pay for this. Indeed, the Green party would go further and faster, investing at least double what Labour originally pledged, so we can turbo charge the transition to a green economy.
Greens recognise that investing in a green future will provide people with economic, social and environmental security. By decarbonising industry, insulating buildings, and ramping up renewable energy infrastructure, the UK can drastically reduce emissions, cut household bills and create new, good quality, well-paid and secure jobs in every corner of the country.
