Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what targets his Department has set to help achieve the Government's commitments on net zero.

The Government set out how we would meet our commitments in the Net Zero Strategy in 2021 which included a detailed breakdown of actions required across all sectors in the economy. This was updated in 2023 through the publication of 'Powering Up Britain'.

The UK has halved its emissions, ahead of every other major economy, and we have grown our economy by over 70% since 1990. The UK over-achieved against the first and second carbon budgets, and the latest projections show that we are on track to meet the third.

We have one of the most ambitious decarbonisation targets in the world, and we have set more stretching targets for 2030 than most countries. We plan to cut emissions by 68% by 2030, which is more than the EU, Japan or the United States.

Since Spending Review 2021, Government has committed an additional £6 billion for energy efficiency and clean heat, up to £20 billion for Carbon Capture, Use and Storage (CCUS) and £960m through the Green Industries Growth Accelerator.