Jeremy Hunt underscores government’s commitment to tackling 'existential' climate threat with new nuclear projects and energy efficiency funding, but green groups slam Autumn Statement that 'falls woefully short'.
Chancellor Jeremy Hunt has today (17 November) reiterated the government's commitment to delivering on the UK's international climate responsibilities, confirming support for the planned Sizewell C nuclear power plant, announcing a new long-term target for UK energy efficiency, and promising continued investment in clean tech innovation. But the support for decarbonisation came alongside a sweeping package of tax increases and spending cuts, including new taxes on electric vehicles, an extended windfall tax on renewables and nuclear power generators as well as oil and gas firms, and conf...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
