Lots of constituents have contacted me about the urgent need for green investment ahead of the autumn spending review.
Last year, the government announced plans to reduce the UK’s greenhouse gas emissions by at least 68% (compared to 1990 levels) by 2030. It says it intends to meet this target through domestic action, drawing on policies such as the Ten Point Plan for a Green Industrial Revolution, which was set out in November 2020.
However Boris Johnson’s flagship Ten Point Plan is not good enough – its flashy declarations reveal very vague policy and zero innovation. The funding announced in the Ten Point Plan for a Green Industrial Revolution is insufficient, with only £3 billion of the £12 billion investment being new money, with the rest being recycled from previous announcements.
We need an ambitious plan that meets the scale of the task we are faced with. That’s why I have now written to the Chancellor of the Exchequer to ensure that green investment is at the front and center of the upcoming spending review and that the government publishes clear and costed details of how the UK will meet its carbon emission targets.
A Labour Government’s Green New Deal would create 400,000 green jobs, with £30bn in planned investment brought forward in manufacturing and low-carbon industries. We’d provide leadership on the international stage to ensure a global effort to tackle the climate and nature crisis and limit global heating to 1.5 degrees.
You can read my letter in full above.