Labour, should it be elected, plans to upgrade of Britain’s ports with a £1.8 billion investment as part of its proposed Green Prosperity Plan.

Theoretically funded by an additional windfall tax on the oil and gas profits the Green Prosperity Plan hopes to encourage private investment into industries such as clean energy, steel, automotive, and construction industries.

At the centre of the Plan is the creation of a National Wealth Fund to invest in green industries of the future. This new strategic body funded with public money will invest £1.8bn in upgrading ports around the country and ready them for renewable energy, in particular, and not surprisingly, offshore wind projects.

Labour has also “committed”, whatever that word means to a politician, to create Great British Energy, a new publicly owned company to invest in clean energy across the country and to deliver “clean power” by 2030.

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