Bank of England given green remit to aid net zero carbon goal
March 4, 2021 What Causes Global Warming 0 Comments
Cross-party environmental audit committee welcomes decision but urges Treasury to go further
- Analysis: Sunak digs in for battle against financial cost of Covid
- Budget 2021: key points at a glance
- Budget 2021 live: Sunak to freeze income tax thresholds
The chancellor has changed the remit of the Bank of England’s interest rate-setting monetary policy committee to include a duty to support the government’s net zero carbon ambition alongside its longstanding responsibility to keep inflation in check.
Rishi Sunak made the change to reflect the importance of environmental sustainability, he said.