Infrastructure: Investment
The question
To ask the Chancellor of the Exchequer, if she will publish an assessment of the economic impact of legally binding net zero targets on infrastructure investment in the UK.
Answered by James Murray
This Government is creating the conditions that drive investment, including into the transition to net zero, and we have seen over £40 billion of private investment in clean energy since July 2024.
At the Spending Review in June, we invested £63 billion in capital funding to clean energy, climate and nature, including nuclear.
The recently published Industrial Strategy and 10-Year Infrastructure Strategy map out how government will ensure that net zero infrastructure investment will boost UK jobs and growth.
The Climate Change Committee (CCC) advises the government on its approach to net zero and considers economic impacts in its advice. The Office for Budget Responsibility (OBR) also assesses the impact of capital investment by government, including on net zero infrastructure, in their macroeconomic forecasts.
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