Difficulty of forecasting decarbonisation costs highlighted in Treasury interim Net Zero Review
HM Treasury has launched its interim Net Zero Review ahead of the publication of the full document in spring 2021.
Articles tagged with: economy
61GW renewables and storage pipeline could bring in £125bn to economy
The UK currently has a pipeline of 61GW of renewables and storage that if developed could bring in £125 billion to the UK economy.
Government urged to make £5 billion local energy pledge
The government has been urged to create a Net Zero Development Bank and pledge £5 billion towards local energy projects.
BEIS select committee warns of ‘historic mistake’ of not aligning COVID-19 recovery with net zero
The chairs of the BEIS select committee and the Environmental Audit Committee – Darren Jones and Philip Dunne – have written to Chancellor Rishi Sunak to stress the need for a green economic recovery.
Climate action to 'underpin' Ireland's COVID-19 recovery as businesses commit to slash emissions
Ireland’s recovery from COVID-19 must take into account climate change, according to a new report detailing the progress made in emissions reductions of Irish businesses.
Over 200 businesses call for climate-focused COVID-19 recovery
Decarbonisation should be the focus of the COVID-19 recovery, a letter signed by over 200 business leaders has said.
NIC calls for expansion of CfD to help build economic confidence
The Contracts for Difference (CfD) scheme should be expanded, the National Infrastructure Commission (NIC) has recommended as one of a number of measures to strengthen confidence in the economy.
Net zero could be ‘the greatest commercial opportunity of our time’ but requires economic transition
Private finance will be “critical” to creating a net zero economy, according to Mark Carney, the finance adviser to the Prime Minister for COP26.
UK Treasury Committee launches decarbonisation inquiry
The UK’s Treasury Committee has launched an inquiry into HM Treasury’s role in the decarbonisation of the country’s economy, just a day after reports suggested it was ready to “fiddle” with binding climate targets.