To ask His Majesty's Government what steps they are taking to encourage private companies to combat climate change.
Answered on
19 November 2024
Accelerating to net zero will unlock a range of benefits for businesses, including new market opportunities, access to green finance and reduced energy bills.
Climate Change Agreements provide tax discounts for businesses reducing their emissions, and the Industrial Energy Transformation Fund supports industrial sites with high energy use to transition.
We are currently running a pilot in the West Midlands, providing energy audits and grants to small and medium businesses to support them in decarbonising.
Small and medium-sized businesses can visit the UK Business Climate Hub, which is run in partnership with government, for advice and sources of finance or support on reducing emissions.