How impressed is the industry with Government action and promises so far?
Is funding in place for radical investment in carbon neutral?
Main takeaways:
Planning requirements across the country need to be tightened to promote carbon neutral development
Developers and investors are increasingly interested in carbon neutral but still need big exemplars to follow
Skills are as big a concern as funding for making carbon neutral happen by the deadlines set
Presentation by Josh Bullard, divisional director of smart energy at Hydrock
“As the UK aims for net zero, most of the low-hanging fruit is already taken,” Bullard told event delegates.
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On 3 March 2021, Chancellor Rishi Sunak delivered the UK Budget 2021 (the Budget). Understandably, the Chancellor’s focus was on setting out the road map to the United Kingdom’s economic recovery from COVID-19. The Budget, however, was also an opportunity for the government to unveil spending plans to match its ambitious climate target: to reach net zero by 2050.
Several promising green economy measures were announced, as discussed below.
Green Finance
Some of the most-welcome measures announced were those related to sustainable finance.
The remit of the Bank of England’s Monetary Policy Committee was updated to include a duty to support the government’s net zero ambition - a significant move that should help to align monetary policy with sustainable growth. From its next scheduled round of investments in the fourth quarter of 2021, the Bank of England will adjust its approach to buying corporate bonds to a
Polluter pays : Government unveils legally binding environmental principles to guide future policies businessgreen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessgreen.com Daily Mail and Mail on Sunday newspapers.
Tuesday, March 9, 2021
On 3 March 2021, Chancellor Rishi Sunak delivered the UK Budget 2021 (the Budget). Understandably, the Chancellor’s focus was on setting out the road map to the United Kingdom’s economic recovery from COVID-19. The Budget, however, was also an opportunity for the government to unveil spending plans to match its ambitious climate target: to reach net zero by 2050.
Several promising green economy measures were announced, as discussed below.
GREEN FINANCE
Some of the most-welcome measures announced were those related to sustainable finance.
The remit of the Bank of England’s Monetary Policy Committee was updated to include a duty to support the government’s net zero ambition - a significant move that should help to align monetary policy with sustainable growth. From its next scheduled round of investments in the fourth quarter of 2021, the Bank of England will adjust its approach to buying corporate bonds to account for the climate impac
Electric vehicles charge at a charging station in east London.
BUSINESS NEWS - Britain, host of this year s COP26 climate summit, drew harsh criticism from experts after its annual budget put energy transition on the back burner while a new coal mine was greenlit.
The UK, which has committed to reaching net zero carbon emissions by 2050, will lead the next UN climate gathering in Glasgow in November.
Conservative Prime Minister Boris Johnson has vowed to deliver a green revolution that would ban high-polluting new diesel and petrol cars by 2030, boost cutting-edge electric technology, and make Britain a global leader in wind power.