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£14bn a year needed for CC

£14bn a year needed for CC 29 June 2020

Extra £14bn needed a year for climate, report says (via BBC)

By Roger Harrabin

An extra £14bn is needed each year to help the UK meet its climate commitments, a new think tank report suggests.

Green Alliance says the cash is needed for clean transport, nature restoration, and low-carbon buildings.

Over the past three years, it says that £9bn has been spent on projects that actually increase CO2, like roads.

It comes as large UK firms make a promise to "kick-start a new approach" and "put the environment first".

The Green Alliance think tank insists though that the funding issue must be solved in the prime minister’s economic recovery speech expected on Tuesday.

Its calculations are based on the government’s own assessment of major projects in the pipeline released on 16 June.

The government said it is determined to meet carbon targets, but the report draws attention to ministers' plans to spend £28bn on roads.

The authors cast doubt on whether the government should spend any more money at all on projects that increase CO2 emissions.

Read the full story here...