“The UK Government should boost economic growth by “tapping a global reservoir of free capital” to invest in sustainable infrastructure for energy, transport and cities, according to two new reports published today (12 August) by research institutions at the London School of Economics and Political Science.
Analysis from the Grantham Research Institute on Climate Change and the Environment and the ESRC Centre for Climate Change Economics and Policy highlight that record-low interest rates provide an ideal opportunity for the UK to borrow money for an enhanced green infrastructure programme that would improve financial growth without stimulating inflation.
The researchers claim that such a programme would increase economic returns for private sector investors and help to bridge any investment shortfall following the decision to leave the European Union (EU).
The current global economic environment is suitable for public funds investment in green infrastructure, according to the first report on ‘Building 21st century sustainable infrastructure: time to invest’ from former head of economic forecasting at Her Majesty’s Treasury Dimitri Zenghelis”…”
Read on at: Edie.net