Remove tag treasury
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Reports: Treasury shelves £30bn plan to electrify UK railways over cost concerns

Business Green

Clean transport advocates point out £30bn price tag for railway electrification is in the same ball park as budget for road building. The Treasury is facing further accusations that it is hampering the UK's net zero transition, after reports emerged over the weekend that it has blocked plans to electrify Britain's railways over cost concerns.

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Treasury mulls road-charging plan, as Number 10 preps early phase out date for fossil fuelled cars

Business Green

The Treasury is reportedly exploring how to tackle the £40bn budget hole that will result from the shift away from the internal combustion engine. The Treasury is fighting back hard against a lot of the green plans and there is a battle going on with No 10," a source close to the talks told The Observer. "The

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The UK's net zero target is under threat because there's no plan to pay for it

Business Green

Building decarbonisation is critical to delivering a net zero Britain, but neither the Treasury nor Scottish government have set out a vision for how a mass green homes retrofit programme could be funded, writes Glasgow Caledonian University’s Keith Baker.

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How much will net zero cost the UK? The OBR tries answering the trillion-pound question

Business Green

That is why the Treasury is currently working on a crucial assessment of the fiscal requirements of decarbonisation in the form of its long-awaited Net Zero Review, which is expected to emerge later this year. It is time the Chancellor and the Treasury provided some answers.

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The government has made this crisis worse than it needed to be

Business Green

Such plans never materialised; the increased spending on efficiency blocked by Rishi Sunak's Treasury and its desire to keep funds back for pre-election tax cuts, and the onshore renewables plans blocked by various Cabinet members grumbles to the press that wind farms are "eyesores".

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Is this it? Are we at risk of over-estimating the neo-climate sceptics?

Business Green

That is why the Treasury has resisted calls to axe green levies, the Department for Business has just approved more clean power auctions , and the Energy Minister yesterday insisted net zero is part of the solution, not part of the problem here.

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Government set to lift fracking ban, confirm gas price freeze plan

Business Green

The plan is to be reviewed next Spring, but the government indicated the price freeze could stay in place for up to two years with the price tag expected to reach up to £150bn. As a result, domestic energy bills should stay at around current levels through this winter.