Business groups and green campaigners are left underwhelmed by an Autumn Statement that promised action on nuclear and energy efficiency, but little else.
Chancellor Jeremy Hunt today (17 November) promised to place clean technologies and energy efficiency at the heart of the government's attempts to ensure the looming economic recession facing the UK is as short and shallow as possible. Announcing plans to approve the new Sizewell C nuclear power plant, increase energy efficiency funding from 2025, and retain clean tech R&D budgets, Hunt said the UK would continue to pursue energy independence as it strives to deliver on its climate goals. "We remain fully committed to the historic Glasgow Climate Pact agreed at COP26 including a 68% r...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes