Budget 2021: ‘New infrastructure bank to drive at least £40bn of green investment’

Chancellor of the Exchequer Rishi Sunak said ‘a real commitment to green growth’ is needed to build a strong, fair and resilient future economy

Spending Review announces billions of pounds of new net zero funding

The budget includes £3 billion to help the UK reach net zero and £11.1 billion for research and development and innovation projects

COVID-19 lockdown sees emissions from key consumer spending areas drop by a third

This reduction of roughly 27% compared to the previous year led the Carbon Trust to note ‘the connection between how we spend our money and the impact this has on carbon emissions is clear’

Budget 2020: Spending plans on climate, transport, CCS and environment revealed

Chancellor of the Exchequer Rishi Sunak has promised the Conservative Party will “get things done” and “deliver on promises made to the people”

Jeff Bezos to spend $10bn of his own money on tackling climate change

The founder and CEO of Amazon, who is also the world’s richest man, announced the creation of the Bezos Earth Fund on an Instagram post

EDF’s flagship French nuclear project goes €1.5bn over budget

Only last month the French energy giant said the cost of building the Hinkley Point C nuclear power plant could increase by up to £2.9bn

IEA: Bolder decisions needed for sustainable energy system

The International Energy Agency says global energy investment is falling short of what would be needed to meet continued robust growth in the world’s energy demand

Green spending
UK Government spent £14.7bn on green protections in 2017

The Office for National Statistics suggests this accounted for around 1.8% of total government expenditure over the year

Pound coins
Energy price cap ‘could see £1.67 billion added to UK bills on the 1st of April’

uSwitch believes this could happen if suppliers increase their rates to match the level of the cap

Pylon
National Grid recommends £59.8m investment for 2019/2020 period

It says this would allow it to maintain the option to deliver projects costing almost £5.4 billion