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Government promises to unleash net zero investment blitz with 10 Point Plan for a Green Industrial Revolution

Business Green

Carbon capture, hydrogen, nuclear, EVs, and renewables all set to benefit from £12bn government stimulus plan, but critics warn funding falls well short of the level required to trigger a green recovery.

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UK's 10 Point Plan for a Green Industrial Revolution 'falls short' on CO2 goals, official figures show

Business Green

The government has been accused of coming up short with its much-vaunted green recovery plan, as further details on its £12bn low carbon investment package were released yesterday that suggested the new measures would only deliver around half of the CO2 cuts required to hit UK climate targets over the coming decade.

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Boris Johnson promises to 'build back greener', but can he deliver?

Business Green

A veneer of normality returned to politics, as the Prime Minister hauled himself back onto the campaign trail, found a high-vis jacket adorned clean tech factory backdrop in a Midlands marginal to stand in front of, and aspired to deliver some of his favourite old tunes while experimenting with some new material.

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PwC: £400bn additional infrastructure spend essential over next decade to reach Net Zero goal

Business Green

In particular, it argues that infrastructure development for key areas such as hydrogen or EV charging is not currently able to attract "low-cost patient capital" from infrastructure funds and pension funds. As a result, it urges the government to development a framework to make them more attractive to such sources of low cost capital.

Policy 73
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'Action is needed now': CBI leads flurry of calls for green recovery

Business Green

Reports from CBI, EnergyUK, ECIU, and ScottishPower all hammer home calls for ambitious green recovery package. The government has been inundated with calls from green trade bodies, campaigners and academics for it to deliver a green stimulus package in recent weeks. The consensus keeps building.

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'Decarbonisation by stealth is not possible': Aldersgate Group steps up calls for fast-tracked net zero policies

Business Green

Ahead of the Prime Minister's promised new green recovery package, a new report from the business advocacy group outlines a raft of near-term policy interventions that could put the UK on track to reaching net zero emissions. It's a litmus test because upgrading 16 million homes is primarily is political not a technical challenge," she said.

Policy 59
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'Make-or-break moment': Why business, unions, and campaigners are united in urging government to fix faltering climate strategy

Business Green

In addition, fiscal incentives like the removal of VAT for energy efficiency retrofits and business models for low carbon hydrogen will be essential to attract the private investment needed to reach net zero.". Consequently, the TUC is calling on the government to unleash a £85bn green recovery package capable of creating 1.24