Today (27 October) Chancellor Rishi Sunak outlined the UK Government’s spending commitments for the next three years, as we look to recover from the Covid-19 pandemic.
Mike Thornton, chief executive of Energy Saving Trust, said: “A week after the UK Government announced its Heat and Buildings and Net Zero strategies and four days before the UK hosts COP26, the spending commitments outlined today by Chancellor Rishi Sunak, confirming energy efficiency funding and announcing additional funding for transport infrastructure, are a step in the right direction to support the UK in achieving a net zero society by 2050.
“With the announcement of a significant commitment to innovation and R&D, there is also an opportunity to focus on creating the growth industries of the future, including renewable energy, low carbon transport and energy efficient housing.
“In transport, Energy Saving Trust remains dedicated to supporting new and existing incentives to continue the UK’s transition to electric vehicles and active travel, with a fair transition for everyone at the core of our mission. The Chancellor’s commitment to invest in the decarbonisation of transport is welcome in order for us to continue our work in these areas.
“Devolved governments will soon receive their share of consequential funding from these announcements in line with the Barnett formula and we look forward to working with governments in Scotland, Wales and Northern Ireland to help put this funding to work and create decarbonised and prosperous societies.”
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