Author Archives: Jo Furtado

Was this a budget for climate and nature?

Today’s budget provided around £130 million in new green public investment, mainly focused on industrial decarbonisation. The chancellor has provided new money for a hub in Holyhead to generate hydrogen for use in HGVs; an ‘energy transition zone’ to move the North Sea oil and gas industry towards greener fuels and technologies; and some new innovation investment for floating offshore wind and energy storage tech. He also announced two new finance mechanisms to encourage private investment in green spending: a new green sovereign bond and a green retail national investment and savings product. Changes are afoot at the Bank of England as well – including a new ‘net zero’ remit for the Monetary Policy Committee – although there’s some confusion as to what that will mean in practice.

Read more

An electric moment: could we be seeing the early shoots of much greener transport?

intext-electric-bus-blogThis post was first published in an essay collection called ‘Delivering net zero’ for think tank Bright Blue and WSP UK.

There is a pressing need to move fast in decarbonising our transport sector. Transport is the largest source of UK emissions, with cars alone contributing 15 per cent to the UK’s total carbon footprint, according to the Department of Transport. Read more