Green shoots are suddenly popping up everywhere. That’s green as in Greta Thunberg, not Norman Lamont.
First it was chancellor Rishi Sunak’s announcement earlier this month that the UK will issue its first green sovereign bond next year. In the same breath, he also announced plans to make climate risk disclosure mandatory for large companies from 2025. Then, last week, prime minister Boris Johnson unveiled his 10-point plan for a £12bn “green industrial revolution”.
Am I alone in thinking the sudden blossoming of eco-friendly announcements is a less-than-subtle attempt by the Johnson administration to ingratiate itself with American president-elect Joe Biden? Biden is not only committed to the US rejoining the Paris agreement on climate change in January, but Wall Street experts predict he will