Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps she has taken to ensure that the Spending Review 2025 is compatible with the UK’s (a) net zero target and (b) interim carbon budgets.
HM Treasury has established processes to assess the climate and environmental impacts of major spending bids These impacts informed, alongside other policy considerations, decisions made at Spending Review 2025.
In total, the Government committed £63bn in capital funding at Spending Review 2025 for clean energy, climate, and nature, including nuclear. This will support our Clean Energy Superpower Mission and help us continue to make progress in meeting net zero and our interim Carbon Budgets.
However, public spending is just one lever to support our climate targets. The Government will set out an updated whole economy plan to meet Carbon Budgets 4-6 through the publication of a refreshed Carbon Budget Delivery and Growth Plan later this year.