PLANS for a new government climate finance fund to invest in green jobs, flood defences and home insulation were tabled in a private members’ Bill today.

Leeds East Labour MP Richard Burgon proposed the Bill, which would raise money for the fund via a levy on fossil fuel companies and super-rich users of superyachts and private jets.

The Climate Finance Fund (Fossil Fuels and Pollution) Bill aims to kickstart a parliamentary campaign that would enshrine key principles of raising funds for climate action in law.