To ask His Majesty's Government what steps they are taking (1) to ensure that climate policies remain effective in driving emission reductions, and (2) to promote investment into renewable energy.
Answered on
16 February 2024
The UK has halved its emissions, ahead of every other major economy. The transitions set out in the Net Zero Strategy for every sector of the UK economy keep it on track for Carbon Budgets 4, 5 and 6, the 2030 Nationally Determined Contribution, and net zero by 2050.
The Government has consistently seized the opportunity to attract investment in renewables, with around £120 billion of new investment since 2010 alongside around £80 billion of UK levy funded support. For example, it continues to support new renewable deployment through the Contracts for Difference Scheme, which now runs on an annual basis.