Green Alliance response to autumn statement
Wednesday 23 November 2016
In response to the autumn statement, Dustin Benton, acting deputy director of Green Alliance said:
"The chancellor announced £23bn in investment today for the economy of the future. That future is low carbon, so we should make sure our infrastructure is too. But most of the low carbon announcements today are jam tomorrow.
Renewable energy infrastructure, which could deliver an additional £22 billion in private sector investment before 2020, has been put on hold until the March budget. Energy efficiency infrastructure didn’t get a mention, despite the headline that fossil fuel prices are now driving UK inflation. The best news is that the chancellor has backed electric vehicles, by announcing £390m for EVs and tax credits for charging infrastructure.
But the bigger picture is of overstretched public finances. If there’s no money on the table, we should use smarter regulation to drive the investment in the low carbon and resource efficient infrastructure we’ll need for the future.”