Business: Government Assistance

(asked on 28th August 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what criteria his Department uses to ensure (a) industries and (b) projects selected for funding from the Government's post-covid stimulus packages are aligned with the (i) UK’s net zero emissions target and (ii) UN’s sustainable development goals.

Answered by
Kemi Badenoch Portrait
Kemi Badenoch
Minister of State (Foreign, Commonwealth and Development Office) (jointly with Department for Levelling Up, Housing and Communities)
This question was answered on 4th September 2020

The Coronavirus is the biggest threat this country has faced in decades. We will assess the impacts of potential interventions against their contribution to our environmental goals, including our climate change and air quality targets. The Government continues to work towards achieving the long-term changes in our economy that are necessary to achieve net zero by 2050. The Treasury is conducting a review into how the transition over the next 30 years will be funded and where the costs will fall. This will include principles to guide decision-making.

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