Question

What assessment he has made of the effect of the announcements in the Spring Statement 2022 on prospects for meeting COP26 objectives.

Since March 2021, through the 2021 Budget and Spending Review, the Government will have committed a total of £30 billion of domestic investment for the green industrial revolution.

And my Right Honourable Friend, the Chancellor built on this in his recent Spring Statement by setting out measures for exemptions on business rates for green technology, a 100% relief on low-carbon heat networks and extending VAT relief from 5% to 0% on the installation of energy saving materials.