Chancellor Rishi Sunak unveiled the eagerly anticipated Budget this afternoon, including support for a “world-first” infrastructure bank and at least £15 billion in green bonds.
Measures to improve the UK's green infrastructure - including the creation of a UK infrastructure bank, a ramping up of electric vehicle policy and funding for hydrogen and carbon capture and storage - have been detailed by the government.
Little was announced as part of this afternoon’s Spending Review that directly related to the energy sector, despite Chancellor Rishi Sunak stating that the government was "setting the direction" for green energy.
A cross party group of MPs has called on the government to ‘scale-up’ its efforts to reach net zero, by implementing its ten point action plan.
The much anticipated Budget has confirmed investment in electric vehicle infrastructure, carbon capture and storage and nuclear fusion.