Carbon Emissions: Capital Investment

(asked on 13th December 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps he is taking to ensure the UK becomes a centre of excellence for developing, procuring and delivering Net Zero project investment.


Answered by
Graham Stuart Portrait
Graham Stuart
This question was answered on 22nd December 2022

Driving investment into net zero is a priority for the Government and backing its ambition with specific policies. The Government has committed £30 billion of public green investment and is putting in place regulatory frameworks to spur private investment into green projects, such as through the Energy Bill. Its policies are expected to drive an unprecedented £100 billion of private investment and support 480,000 jobs by 2030. The Government has already made significant progress - Bloomberg estimates that in 2021, £24 billion of new green investment was committed in the UK across sectors like clean energy, heating and transport.

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