Private Sector: Environment and COP 26

Lord Jones of Cheltenham Excerpts
Wednesday 7th July 2021

(2 years, 10 months ago)

Lords Chamber
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Lord Callanan Portrait Lord Callanan (Con)
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The noble Lord makes a very good point, and indeed we will. Already, 40 of the UK’s leading companies have joined the net-zero challenge and, as he will be aware, as part of the 10-point plan, the Government have invested over £12 billion to stimulate a green industrial revolution in the UK supporting up to 250,000 jobs.

Lord Jones of Cheltenham Portrait Lord Jones of Cheltenham (LD) [V]
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What help are the Government planning to give the construction industry to build carbon-neutral homes?

Lord Callanan Portrait Lord Callanan (Con)
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The industrial strategy challenge fund has 10 challenges, and one of these, as the noble Lord will be aware, is the transforming construction fund, with £170 million of public funding and £250 million of private funding, providing safer, healthier and more affordable buildings that use dramatically less energy.