Spring Budget: Chancellor to press button on clean energy reset with £20bn carbon capture pledge

James Murray
clock • 5 min read
The Chancellor Jeremy Hunt has previously acknowledged the 'competitive threat' posed by the Inflation Reduction Act in the US
Image:

The Chancellor Jeremy Hunt has previously acknowledged the 'competitive threat' posed by the Inflation Reduction Act in the US

Next week's Budget will feature a wide-ranging new clean energy package designed to mobilise £20bn of investment in the UK, Treasury confirms

The Chancellor will next week promise to "reset" the UK's decarbonisation and energy security plans through an "unprecedented" £20bn investment in carbon capture and clean energy infrastructure. The...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Electricity bills rising 'much more slowly' than gas due to UK's clean power drive

Study: Electricity bills rising 'much more slowly' than gas due to UK's clean power drive

Household energy bills are set to rise this winter, but Nesta claims there are signs gas and electricity bills are beginning to 'decouple' in a boost for households with heat pumps and EVs

Michael Holder
clock 25 September 2026 • 6 min read
How thousands of small generators are helping Riverford cut 'controllable emissions'

How thousands of small generators are helping Riverford cut 'controllable emissions'

Riverford has opted to defer a hugely ambitious goal to reach net zero emissions by 2030, but it is now doubling down on efforts to deliver on its revised carbon targets in partnership with Good Energy

Stuart Stone
clock 25 September 2026 • 9 min read
COP31: Campaign groups call for guardrails to ensure '35 by 35' electrification goal is 'done right'

COP31: Campaign groups call for guardrails to ensure '35 by 35' electrification goal is 'done right'

Open letter to COP Presidencies welcomes proposed '35 by 35' target, but argues equitable and renewables-led policies are needed to avoid electrification becoming 'the Trojan horse of our times'

Stuart Stone
clock 25 September 2026 • 5 min read