Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the capital funding to support the Green Investment Scheme is new money.

The Government takes its environmental responsibilities very seriously. We are committed to meeting our climate change targets, including net zero greenhouse gas emissions by 2050.

We have recently announced investments to accelerate progress towards this goal. At Spring Budget 2020 the Government announced at least £800m for carbon capture and storage, over £1bn of further support for ultra-low emission vehicles, at least doubling funding for energy innovation, and tax measures to encourage greater energy efficiency and tackle plastic waste.

On July 8th the Chancellor announced a £3.05 billion package on building decarbonisation for homeowners and landlords, the public sector and social housing. Further announcements will follow in the Autumn at the Spending Review.