Shadow chancellor George Osborne will today propose an extension for Isa investments in green companies in a bid to raise awareness over climate change.
The new green Isas – or GIsas – will become part of the chancellors Save for the Planet campaign with firms who actively look to lower their carbon footprint given a green “kite mark” that will allow an extension of the maximum Isa investment from £7,000 to £10,000.
Those who have already committed to lowering their carbon footprint include M&S, Tesco and BSkyB. The Tories have also called for a new Green Environmental Market in a bid to change global trading.
Osbourne believes it is a way of getting people engaged in the fight against climate change in a positive way as well as creating a can-do attitude on the environment.