General election: Lib Dems pledge £100bn climate fund

The Liberal Democrats would spend £100bn tackling the effects of climate change and protecting the environment, should the party come to power in December’s general election.

In a speech this afternoon in Leeds, Sir Ed Davey, former secretary of state for energy under the coalition government, will say the five-year investment would "jump-start" efforts to combat the "climate emergency".

Davey, now the Liberal Democrat shadow chancellor and deputy leader, will say the measure would be funded through borrowing and tax changes.

"A Liberal Democrat government will jump-start an economy-wide programme to tackle the climate emergency: I can announce today that across a five-year Parliament, Liberal Democrats would spend and invest an extra £100bn of public finance on climate action and environmental preservation,” he will say.

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