To ask the Chancellor of the Exchequer, what estimate his Department has made of the level of spending required in 2021-22 for the transition to achieve net zero.
16 September 2021
The Spending Review 2020 allocated funding for 2021/22, and the full settlement can be found: https://www.gov.uk/government/publications/spending-review-2020-documents. Spending Review 2021 is currently ongoing and is due to be published on the 27th October. This will include allocation of spending up to 2024/25.
At Spending Reviews, departments follow Green Book guidance to both understand the wider strategic context of their policies, including their contribution to Net Zero, and assess all costs and benefits of their bids, including climate and environmental impacts. At the Treasury we consider these impacts when we assess the value for money of different spending programmes and the benefits they would deliver.
At Spending Review 2020, we required departments to improve the information they provided about the impact on greenhouse gas emissions from their spending bids. We have written out to departments with our expectations to improve data collection on emissions for Spending Review 2021.