Economic Situation: Coronavirus

(asked on 3rd June 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential effect of a green and sustainable economic programme on the level of economic recovery after the covid-19 outbreak.


Answered by
Kwasi Kwarteng Portrait
Kwasi Kwarteng
This question was answered on 15th June 2020

As we recover from COVID-19, the Government intends to deliver a UK economy which is stronger, cleaner, more sustainable and more resilient.

The UK has shown that growing our economy and cutting emissions can be achieved at the same time. We have grown our economy by 75% while cutting emissions by 43% over the past three decades. Low carbon businesses and their supply chains support hundreds of thousands of existing jobs and will be key to future job growth.Many of the actions we need to take to reach our target of net zero emissions by 2050 will support the future growth of our economy.

The Government recently launched a £40 million venture capital fund to supercharge the development of next generation clean, low-carbon technologies, and since lockdown was announced, we have published the first stage of our Transport Decarbonisation plan and have announced a £2 billion package for cycling and walking.

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