Overview

In the Chancellor's 2010 Budget published on 24 March 2010, it was stated that the Government sees support for the low carbon economy as central to providing a platform for strong, long term sustainable growth. The Government sees failure to tackle climate change as threatening the economic development of the world. It is one of the aims of Budget 2010 to support the financing of low-carbon investment and new low-carbon jobs. This briefing, by partners Caspar Fox and Michelle Thomas, explains how the budget sets about to achieve these aims. Measures include the creation of a Green Investment Bank, the launch of UK Finance for Growth and a commitment to reduce government department carbon emissions by at least 30 per cent by 2020.