Statement by Lord Stern on the publication of the UK Prime Minister’s plan for a green industrial revolution

Responding to the publication of the UK Prime Minister’s plan for a green industrial revolution, Lord Stern of Brentford, Chair of the Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, said: “The Prime Minister’s plan provides a further clear signal that he wants the UK’s economic recovery to be both strong and sustainable. The ten priority areas of the plan cover many of the key areas of the economy that can generate jobs and create a new kind of sustainable and inclusive growth across the UK. The new investments will both reduce our emissions and help to drive economic growth, if implemented rapidly and purposively. They constitute a crucial next step in a process of radical change towards a much more attractive form of economic development. The UK must accelerate strongly from here in the coming two or three years. Time is of the essence. It is important that the forthcoming Spending Review brings policies and financial structures to support these investments and to help create a more efficient and productive, zero-emissions and climate-resilient economy.”