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Treasury written question – answered on 24th February 2020.

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Photo of Clive Lewis Clive Lewis Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer, what fiscal steps his Department is taking in response to the Resolution of the House of Commons of 1 May 2019 declaring a climate emergency.

Photo of Steve Barclay Steve Barclay The Chief Secretary to the Treasury

HM Treasury takes its environmental responsibilities very seriously. As you would expect, we are considering what further fiscal and other policy measures are needed to meet our 2050 net zero target.

To support this, HM Treasury launched a review into how the transition to a net zero economy will be funded, and where the costs will fall. The review will publish its findings in Autumn 2020.

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