Spring Budget: Chancellor to press button on clean energy reset with £20bn carbon capture pledge

James Murray
clock • 5 min read
The Chancellor Jeremy Hunt has previously acknowledged the 'competitive threat' posed by the Inflation Reduction Act in the US
Image:

The Chancellor Jeremy Hunt has previously acknowledged the 'competitive threat' posed by the Inflation Reduction Act in the US

Next week's Budget will feature a wide-ranging new clean energy package designed to mobilise £20bn of investment in the UK, Treasury confirms

The Chancellor will next week promise to "reset" the UK's decarbonisation and energy security plans through an "unprecedented" £20bn investment in carbon capture and clean energy infrastructure. The...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Study: Existing fossil fuel projects 'sufficient' to meet future global energy demand

Study: Existing fossil fuel projects 'sufficient' to meet future global energy demand

Research argues efforts to normalise end of new fossil fuel projects will be more effective for tackling climate change than 'complex' net zero goals

Cecilia Keating
clock 30 May 2024 • 5 min read
IEA: Accelerating clean energy transition can relieve global cost of living pressures

IEA: Accelerating clean energy transition can relieve global cost of living pressures

Investing in renewables and clean energy technologies can make energy more affordable, boost energy security and combat climate change, according to International Energy Agency

clock 30 May 2024 • 5 min read
Worthing Crematorium to switch fossil gas for green hydrogen in 'world first' trial

Worthing Crematorium to switch fossil gas for green hydrogen in 'world first' trial

Government-supported Worthing HyCrem project to switch one of site's three cremators from fossil gas to green hydrogen for four week trial period

Stuart Stone
clock 28 May 2024 • 3 min read