Written questions

Carbon Emissions

2026-07-21 · Department for Energy Security and Net Zero · HL2571 · Official question

Lord Moynihan

Question

To ask His Majesty's Government whether they are considering capping the amount of credit that can be used to support investment in carbon-intensive activities and setting quotas for the amount of finance that should flow to low-carbon investment.

Answer

The UK Government does not have a quota for the amount of finance that should flow to low-carbon investment, but since the government came to office more than £100 billion in clean energy investment announcements has been secured. Net zero is the economic...