Budget 2020: Mixed reactions from energy sector as Budget lacks net zero ambition
Current± spoke to companies, groups and charities operating in the energy and environmental space to gauge their reactions to the fabled red briefcase.
Articles tagged with: Treasury
Budget to be a ‘litmus test’ for government as £33bn a year needed for net zero, IPPR says
Net zero will require £33 billion of extra spending per year until 2050, according to new analysis from thinktank IPPR's Environmental Justice Commission.
CCC calls on HM Treasury to ensure net zero costs are fairly distributed
The Committee on Climate Change (CCC) has issued a call to HM Treasury to ensure the costs of reaching net zero are distributed evenly, revealing it will publish its advice on the sixth carbon budget earlier than expected.
Miliband brands Treasury net zero sums ‘slightly disturbing’
Calculations made by HM Treasury of the cost of net zero have been labelled “slightly disturbing” by former leader of the Labour Party and co-chair of IPPR’s Environmental Justice Commission, Ed Miliband.
UK net zero transition to cost £1 trillion, chancellor claims
The UK’s transition towards a net zero economy will cost the country more than £1 trillion, 40% more than the Committee on Climate Change has suggested, HM Treasury has claimed.
Minister signals shift away from electric vehicle 'buyer subsidy' to lower costs
Recent cuts to the grants available for the purchase of electric vehicles are intended to move the sector away from “buyer subsidy”, according to energy and clean growth minister Claire Perry.
MPs join industry in calls for fiscal incentives for electric vehicles to be brought forward
A cross-party group of MPs has piled pressure onto the government to use next week’s budget to implement greater tax incentives for electric vehicles just days after lobbyists for the automotive and green sectors did the same.