Net Zero Review: Finance

Treasury written question – answered on 15th October 2020.

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Photo of Lord Browne of Ladyton Lord Browne of Ladyton Labour

To ask Her Majesty's Government whether an assessment of funding for (1) a low carbon reskilling strategy, and (2) a public engagement strategy, will be included in the Net Zero Review

Photo of Lord Agnew of Oulton Lord Agnew of Oulton Minister of State (HM Treasury), Minister of State (Cabinet Office)

The objectives and scope of HMT’s Net Zero Review are set out in the terms of reference, published in November 2019, and are available on the GOV.UK website. The Review will explore how the transition to a net zero economy will be funded, and where the costs will fall. The Review will look at options for a balance of contributions between households, businesses and the taxpayer, and how to maximise economic growth opportunities from the transition.

The government has announced that the Review will be published in Spring 2021. In the meantime, HMT will publish an interim report this autumn 2020. This will set out our approach to the Review and analysis which will inform the final report.

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