Rachel Reeves outlined a significant spending review with over 60bn directed towards the green economy to combat climate change. This includes a substantial 16% increase for the Department for Energy Security and Net Zero. Key allocations include 13.2bn for home insulation, 15bn for public transport, and a notable 22bn for research and development focusing on clean energy. Despite concerns from activists regarding nuclear power and environmental protections, the government is moving forward with investments in low-carbon technologies, aiming to enhance energy security and reduce emissions.
Rachel Reeves's spending review commits over 60bn to the green economy, reinforcing Labour's determination to spearhead net zero goals against the Reform party.
Ed Matthew from E3G emphasized that the funding increase represents a historic opportunity to accelerate clean energy investments nationwide, maximizing climate benefits.
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