Source · Select Committees · Treasury Committee
Recommendation 4
4
Accepted
Paragraph: 46
The Chancellor should publish the Net Zero Strategy as soon as possible and should set...
Recommendation
The Chancellor should publish the Net Zero Strategy as soon as possible and should set out, in conjunction with the Net Zero Review final report, the principles upon which the UK will fund its transition to net zero carbon emissions by 2050.
Government response summary AI-generated
The government announced a commitment to issue at least £15bn of green gilts in FY 2021/22 and published the UK Government Green Financing Framework to fund green expenditures.
Summary of the government's response below — read the verbatim text to verify.
Paragraph Reference:
46
Government Response
Accepted
HM Government · verbatim extract
Accepted
BEIS is the lead department responsible for net zero, as well as co-ordinating work across different delivery departments to reduce emissions. Given this, BEIS leads work on the Government’s overall strategy and will be publishing the Net Zero Strategy in the autumn. Against a backdrop of significant uncertainty on technology and costs, as well as changes to the economy over the next 30 years, the Net Zero Review final report focuses on the potential exposure of households and sectors to the transition, and highlights factors to be taken into account in designing policy that will allocate costs over this time horizon.
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