Source · Select Committees · Environmental Audit Committee
Recommendation 23
23
Accepted
Paragraph: 129
Publish the next round of net zero sector investment roadmaps without delay
Recommendation
We welcome the many net zero sector roadmaps that the Government has published and plans to publish, which should provide investors with the detail they require to help their investments align with the Government’s net zero target. We particularly welcome the fact that nature is included among these investment roadmaps, and urge the Government to publish the next round of roadmaps, promised this autumn, without delay. While we received limited calls for an economy-wide net zero investment roadmap, we did not receive enough evidence to arrive at a conclusion on whether this is needed. This makes tracking green financial flows across the economy all the more important.
Government Response Summary
The government confirms the publication of several net zero investment roadmaps, including civil nuclear in January 2024 and the Advanced Manufacturing Plan in November, and commits to publishing a hydrogen investor roadmap update in February 2024 and a nature roadmap by the end of 2024.
Paragraph Reference:
129
Government Response
Accepted
HM Government
Accepted
Alongside the 2023 Green Finance Strategy, the Government published a series of net zero investment roadmaps including for offshore wind, hydrogen, carbon capture utilisation and storage (CCUS), and heat pumps setting out the investment opportunities and relevant government support to make sectors investable. Investors have responded positively to these. The civil nuclear roadmap was published in January 2024. An update to the hydrogen investor roadmap will be published in February 2024 and a roadmap on nature will be published by the end of 2024. Following the commitment to publish additional roadmaps, the government published the Advanced Manufacturing Plan in November which covers the UK’s approach to mobilising investment in the future of manufacturing sectors covering Zero Emission Vehicles and Green Industries (including UK Government support for Offshore Wind, CCUS, Nuclear and Hydrogen sectors).