A Liberal Democrat government would spend £100bn tackling the effects of climate change and protecting the environment, the party’s finance spokesman is set to announce.

In a speech on Friday, Sir Ed Davey will say the five-year investment would “jump-start” efforts to combat the “climate emergency”.

The pledge would be funded through borrowing and tax changes.

The Conservatives and Labour both have targets to reduce carbon emissions.

Sir Ed, who served as secretary of state for energy and climate change in the coalition government, is expected to say that “across a five-year Parliament, Liberal Democrats would spend and invest an extra £100bn of public finance on climate action and environmental preservation”.

“This includes a new £10bn ‘renewable power fund’ to leverage in over £100bn of extra private climate investment,” he

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