Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, with reference to the Powering up Britain report published on the 30th March, what recent assessment he has made of trends in the levels of investment in decarbonisation between (a) Germany, (b) France, (c) United States and (d) the UK.

The UK is leading the world on tackling climate change. Between 1990 and 2021, it has cut emissions by 48%, faster than any other G7 country, while growing its economy by 65%. The UK starts from a strong position and has, according to analysis of data from BloombergNEF, delivered the second highest cumulative amount of recorded low-carbon investment across Europe over the last 5 years. BNEF data also shows that the UK has seen nearly £200 billion of investment into low carbon sectors since 2010, 50% higher than the US as a share of GDP.