Climate target needs £14bn more, says thinktank
A report by thinktank Green Alliance warns that an extra £14bn a year of investment is needed to meet the UK’s climate targets, namely Net Zero carbon emissions by 2050.
The group has urged the Government to prioritise investment in low-carbon transport, more efficient buildings, conservation and restoration of nature, and for industrial infrastructure.
The report adds that the biggest gap in green investment is currently low-carbon transport, with an estimated extra £8.7bn per year needed to reach climate targets.
Chris Venables, head of politics at Green Alliance, said to the Independent: “This is a once-in-a-generation opportunity for the government to hardwire the environment into a post-Covid economy - now is the time for the prime minister to create the foundations of a healthier, more resilient economy.