REA comments on the 2020 Budget
Dr Nina Skorupska CBE, Chief Executive of the REA said:
“This budget provides some welcome fiscal support for the renewable energy and clean technology; there are clear steps in the right direction especially around the Green Gas Obligation consultation, extension of the domestic RHI, Carbon Capture and Storage, decarbonising transport and R&D funding. This budget, however, does not make the strides needed to fully unleash the potential of the sector and pave the way to net zero.
“With the declared climate emergency, the Government needs to take decisive action to produce a whole-government Net Zero Strategy that includes a detailed, funded and measurable roadmap that delivers the wholesale systems-change required to decarbonise the economy, and then ensure that we have an effective taxation system that protects natural capital, and incentivises renewable energy and clean technology beyond fossil fuels.”
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Notes to editors:
- The Budget is available here.
About the REA
The REA is the UK’s largest trade association for renewable energy and clean technologies with around 550 members operating across heat, transport, and power. The REA is a not-for-profit organisation that represents renewable energy and clean technology companies operating in over fourteen sectors, ranging from biogas and renewable fuels to solar and electric vehicle charging. Membership ranges from major multinationals to sole traders.
For more information, visit: www.r-e-a.net