Asked by: Lord Bishop of Salisbury (Bishops - Bishops)
Question to the HM Treasury:
To ask Her Majesty's Government what steps they are taking to ensure that financial support to fossil fuel-intensive and high carbon producing industries is in line with (1) their Paris Agreement obligations, (2) their target for net zero greenhouse gas emissions by 2050; and (3) their commitment to ban the sale of petrol and diesel cars by 2035.
Answered by Lord Agnew of Oulton
The Government continues to take its environmental responsibilities very seriously and is committed to meeting its climate change targets.
The UK is a world leader in clean growth. Spring Budget 2020 reinforce the UK’s strong track record in this area with at least £800m for carbon capture and storage, over £1bn of further support for ultra-low emission vehicles, at least doubling funding for energy innovation, and tax measures to encourage greater energy efficiency and tackle plastic waste.
We recognise the importance of a strong economy to support the transition to net zero, meet our Paris Agreement obligations and continue the UK's leadership in clean growth.