Asked by: Jamie Stone (Liberal Democrat - Caithness, Sutherland and Easter Ross)
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, with reference to the Committee on Climate Change's report entitled The Sixth Carbon Budget: The UK’s path to Net Zero, published in December 2020, whether he has plans to publish a roadmap for increasing low-carbon investment from £10 billion per year to £50 billion per year by 2030 prior to COP26 in line with the recommendations in that report.
Answered by Kemi Badenoch - President of the Board of Trade
The Government takes its environmental responsibilities very seriously. The Prime Minister’s Ten Point Plan demonstrates this commitment to tackling greenhouse gas emissions. It sets out £12 billion of new government investment in green industries.
In addition to this £12 billion, the ambitious policies and significant new public investment will mobilise private sector investment. Providing the co-funding, regulatory certainty and robust green finance frameworks included in the plan is expected to attract up to £42 billion of low-carbon private investment across energy, buildings, transport, innovation and the natural environment by 2030.
Further detail on the plan for decarbonising and increasing low-carbon investment will be set out in the Government’s Net Zero Strategy ahead of COP26.