Oral Answers to Questions

Debate between Matthew Pennycook and Barry Sheerman

Tuesday 1st December 2020 Commons Chamber

[Matthew Pennycook (Greenwich and Woolwich) (Lab)]

What fiscal steps he is taking to help achieve a net zero carbon economy.

[Mr Barry Sheerman (Huddersfield) (Lab/Co-op)]

What steps he is taking to ensure that his fiscal policy incentivises environmentally positive behaviour.

[The Exchequer Secretary to the Treasury (Kemi Badenoch)]

The Chancellor’s announcement at the spending review will help us meet our net zero 2050 target by providing the right incentives for individuals and businesses. The spending review commits £12 billion of public investment, kick-starting our transition to net zero and boosting the UK’s global leadership on green infrastructure and technologies ahead of COP26 next year. It also included funding that will encourage protection of the natural environment, including for planting trees, restoring peatland, creating natural habitats and investing in national parks.