Ahead of the spring budget, the Chancellor, Jeremy Hunt, spoke of a ‘clean energy reset’ which sounded like a promising step on the country’s net-zero journey.
There are certainly elements of the budget announcement that will help firms to move the dial forward, but the UK needs to work hard to ensure that it benefits from the booming clean energy industry.
Grant Shapps, Secretary of State for Energy Security and Net-Zero, has been hinting at more to come with Green Day later on, which promises to introduce several new environmental policies.
Businesses will be hoping for pragmatic, targeted legislation, which tackles some of the biggest net-zero challenges simply and effectively.[1]
Green is good business
After three decades working in energy, competition between countries for green investment and innovation has never been so strong. Global investment in the green transition industry hit $1 trillion (€0.92 trillion) last year, a figure that is set to triple by 2030.[2]
Far-reaching legislation, like the US’s Inflation Reduction Act (IRA) and the European Union’s eagerly awaited Green Deal...
Budget responsibility
