This week, the Government revealed Ed Miliband’s plans for the UK to become the “sustainable finance capital of the world“. These plans will “support banks and large companies in developing climate transition plans”, “help unlock billions in clean energy investment” and “grow the economy”. But like most schemes of this kind, they are long on hyperbole, short on detail, and show no evidence of thought or reflection on the growing evidence of policy failure.
“We’re determined to make the UK the sustainable finance capital of the world”, said Ed Miliband on X. “Our plans will transform our leading financial services sector into a global hub for green investment.” But I might just as well announce my plans to become a rock-star-super-model-Olympic-swimmer-and-successor-to-Einstein.
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