Councils in the UK seek funds for net-zero projects

Bristol and Hackney councils have launched investment schemes to fund their net-zero projects, offering a 4.2% return over five years. This comes as both councils face financial difficulties, with Bristol at risk of bankruptcy. Experts caution that these investments may be underwhelming and difficult to liquidate. They suggest that more reliable options, like investment trusts, provide better returns and liquidity. Fifteen councils across the UK have introduced similar schemes, which are considered low risk due to legal protections. However, investors may struggle to recover their funds if the councils face further financial issues.