The Association for Renewable Energy and Clean Technology (REA) welcomed the Shadow Chancellor’s promise of £28bn capital investment in the country’s green transition for every year of this decade.
The REA has urged the current Government to show the same ambition and provide the immediate investment in renewables and clean technology needed to achieve the UK’s Net Zero targets.
At Labour’s annual conference Rachel Reeves said that she would be Britain’s first ‘Green Chancellor’, and that, as Chancellor, she would invest in “good jobs in green industries of the future”, including offshore wind, electric vehicles in giga factories, and good new jobs in communities throughout Britain.
Dr Nina Skorupska CBE, CEO of Association for Renewable Energy and Clean Technology (REA), said:
“The UK’s renewables and clean technology sector must be at the heart of both our current and any future Government’s Net Zero ambitions and economic recovery plans.
“Therefore, it was encouraging to hear today’s speech from the Shadow Chancellor, which did include the promise of £28 billion of capital investment in our country’s green transition for each and every year of this decade, as well as “good jobs in green industries of the future”. This is the level of ambition we need to see.
“However, the time for promises is fast running out – the present Government has to properly back our sector today with the investment required to immediately unlock thousands of green jobs in our sector and drive down emissions to avert the climate crisis.”
