Spring Budget: Chancellor to press button on clean energy reset with £20bn carbon capture pledge

James Murray
clock • 5 min read
The Chancellor Jeremy Hunt has previously acknowledged the 'competitive threat' posed by the Inflation Reduction Act in the US
Image:

The Chancellor Jeremy Hunt has previously acknowledged the 'competitive threat' posed by the Inflation Reduction Act in the US

Next week's Budget will feature a wide-ranging new clean energy package designed to mobilise £20bn of investment in the UK, Treasury confirms

The Chancellor will next week promise to "reset" the UK's decarbonisation and energy security plans through an "unprecedented" £20bn investment in carbon capture and clean energy infrastructure. The...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Zoisa North-Bond: 'We need people who challenge the status quo'

Zoisa North-Bond: 'We need people who challenge the status quo'

Octopus Energy boss explains the shortfalls of 'tweaking' old ways of thinking instead of creating something 'entirely new'

Stuart Stone
clock 03 January 2025 • 3 min read
Government pledges 'root and branch' upgrade for UK energy storage market

Government pledges 'root and branch' upgrade for UK energy storage market

Barriers to long-term energy storage projects are to be identified and addressed, according to government response to recent EAC report

Stuart Stone
clock 03 January 2025 • 4 min read
Analysis: UK electricity reached 'cleanest ever' level in 2024

Analysis: UK electricity reached 'cleanest ever' level in 2024

UK generating less than half as much electricity from fossil fuels as a decade ago, according to new Carbon Brief analysis

Stuart Stone
clock 02 January 2025 • 4 min read