Labour have today called for "action, not words" from the
government's new green bond announcement as they pointed to a
Parliamentary Question showing the Chancellor's final report into
the Net Zero Review would be further delayed.
The Chancellor's final report into the Net Zero Review was due to
be published first in Autumn 2020, then was promised for Spring
2021.
A written parliamentary question placed by Labour's Shadow
Minister for Climate Change Matt Pennycook revealed yesterday
that the government will now publish it "later in the year."
The party also highlighted that last week the UK’s independent
adviser on tackling climate change, the Climate Change Committee,
revealed the Treasury has not fully achieved a single one
of the Committee's 2020 recommendations.
Shadow Chief Secretary to the Treasury, said:
"There's a real danger this green bonds announcement is all talk
and no action - just like the Chancellor's long delayed Net Zero
Review - and a distraction from the critical job of halting
climate breakdown.
"We need far more details and a watertight guarantee that these
bonds are spent properly on the green jobs and initiatives that
will curb climate breakdown.
"The Chancellor must stop dragging his heels, and publish his
final report into the Net Zero Review which has now been delayed
since Autumn 2020.
"And he should hardwire his Net Zero targets into his upcoming
spending review, as Labour would do."
ENDS
Notes to Editors
