Environment Protection: Investment

(asked on 7th September 2020) - View Source

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

To ask Her Majesty's Government, further to the answer by Baroness Penn on 2 September (HL Deb, col 344), how much investment they have made in the last year in green industries which contribute to achieving the zero carbon target; and what is the comparable figure for their investment in industries that do not contribute to the zero carbon target.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 21st September 2020

In 2019, the UK became the first major economy in the world to legislate to end its contribution to global warming by 2050 by reaching net zero emissions.

This year, the Government has set out billions in support for our low-carbon economy. We are taking action in every sector including: over £3 billion to transform energy efficiency in homes and public buildings; £2 billion to kickstart a cycling and walking revolution; £1 billion support for ultra-low emission vehicles; £800 million to capture carbon from power stations and industry; a £640 million Nature Climate Fund; £350 million to cut emissions in heavy industry; and £100 million to research and develop Direct Air Capture technologies.

The transition to a low carbon economy constitutes one of the most significant challenges and opportunities for the UK and the world over the coming decades. In March, we published the first phase of our transport decarbonisation plan and will be setting our further plans over the coming months for other sectors of the economy including on energy, heat and buildings and the natural environment. Our forthcoming sector strategies, and wider plans to deliver a green economic recovery following the COVID-19 pandemic, will contain further proposals to put us on track to meeting our carbon reduction obligations which are among the most ambitious in the world

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