Whilst Budget 2020 will not be to everyone’s taste, it is a step in the right direction. This is not surprising, given it attempts to balance the economy in the short term; provide more investment in public services and infrastructure to support growth in the long term; and tackle the climate and biodiversity emergency and transition to Net Zero, all at the same time.
The Budget starts to create a pathway towards Net Zero – the government’s ambition to reach Net Zero carbon emissions by 2050. The Budget recognises that the transition will require radical changes in every sector, and investment and funding will be critical to help drive this transformation.
First and foremost, Net Zero policy development has been recognised as a priority, with the government allocating an additional £10 million in 2020-21 to support the design and delivery of Net Zero policies and programmes.