Net Zero Strategy leaves execution gap and financing questions
The government’s series of policy announcements released this week are high in ambition with strong signaling, but questions remain over financing.
Articles tagged with: Treasury
Uncertainty of future costs remains at forefront of Treasury Net Zero Review
The difficulty of forecasting the costs of decarbonisation has dominated the Treasury’s Net Zero Review, carrying on a theme from the interim review, published last year.
Treasury: Removing VAT of green products could ‘impose significant additional pressure’ on finances
Despite growing calls from the energy sector and beyond, the Treasury looks set to reject the removal of VAT on green products such as heat pumps and solar.
‘No sign of a roadmap’: PAC slams lack of leadership from HMRC and Treasury
The Public Accounts Committee (PAC) has criticised a “lack of leadership and coordination” from HMRC and the Treasury in targeting environmental action.
Trade bodies call on Treasury for business rates relief for renewables
Business rates relief for clean energy technologies should be implemented as it could add over £125 billion to economy and support a green recovery.
Treasury Committee relaunches green finance inquiry to examine COVID-19 recovery
The Treasury Committee is relaunching its green finance inquiry, seeking additional written evidence.
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.
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.