Energy: Costs
The question
To ask the Secretary of State for Energy Security and Net Zero, if he will make an assessment of the potential merits of support for (a) householders and (b) businesses to mitigate of the costs of net zero transition.
Answered by Kerry McCarthy
To reach net zero requires a wide-reaching transformation of the UK economy, which brings with it incredible opportunity for jobs and growth across the country. It will attract investment into our communities and help support new jobs.
Accelerating to net zero will unlock a range of benefits for businesses, including new market opportunities, access to green finance and reduced energy bills. We support the UK Business Climate Hub which provides advice to support business, particularly SMEs, to take action to reduce emissions. We have also committed to publishing a Public Participation Strategy for Net Zero this year, which will include how we will support people to adopt new technologies.
In an unstable world, the only way to guarantee our energy security and protect billpayers permanently is to speed up the transition away from fossil fuels and towards homegrown clean energy.
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