Quotes
Investment Rule
Ed Matthew, Campaigns Director for E3G said:
“After years of flatlining investment, the Government must now seize the opportunity of the ‘Investment Rule’ to make the UK a clean energy superpower and boost green homes investment further. It is clean technology where our future prosperity lies, boosting productivity, making us competitive and weaning us off expensive and volatile fossil fuels. It’s the economic opportunity of the century.”
Housing
Ellie Mae O’Hagan, UK Energy Programme Leader for E3G said:
“The initial £3.4 billion announced over three years for retrofitting homes will provide industry with welcome investment certainty but is well short of the Labour Manifesto pledge to invest £13.2 billion over the Parliament. The door has been left open to boost this investment in the Spending Review due in the Spring. This must now be delivered so that Britons can get the warm homes they deserve.”
Industry
Laith Whitwham, Senior Policy Advisor on UK Industry for E3G said:
“Today’s budget contains crucial support for clean industry, from the introduction of a CBAM in 2027, to funding for critical technologies like green hydrogen and industrial carbon capture. However, it does nothing to reduce electricity prices despite the fact that half of industry will need to be electrified. To achieve clean growth, the Spring budget must lower power prices, or Britain risks falling behind countries that are acting to lower electricity prices for industry.”
Oil & Gas
Beth Walker, Senior Policy Advisor on the Oil & Gas Transition for E3G said:
“The expanded windfall tax on oil and gas companies will increase investor confidence in the UK’s clean energy mission. The government has also made the right decision to remove some of the investment allowances that are propping up a declining industry. The Chancellor must now protect citizens by ensuring oil and gas companies, who have made record profits in recent years, pay the full decommissioning costs as production ends. This would save UK taxpayers billions.”
Available for comment
Ed Matthew – E3G Campaigns Director
Energy and climate across UK politics and policy
+44 7827 157 906, ed.matthew@e3g.org
Heather McKay – Senior Policy Advisor, Finance and Resilience
UK sustainable finance, National Wealth Fund
+44 7955 597676, heather.mckay@e3g.org
Will O’Leary – Policy Advisor, Finance and Resilience
UK Net Zero Investment Plan
+44 7784 897964, will.oleary@e3g.org
Ellie Mae O’Hagan – Programme Lead, Energy Transition
UK energy, housing, clean heat, power, industry and oil and gas
+47732 891 599 elliemae.ohagan@e3g.org
Laith Whitwham – Senior Policy Advisor, Energy Transition
UK industrial transition and CCS, decarbonising steel, cement and carbon-intensive manufacturing
+44 7808 045786, Laith.whitwham@e3g.org
Beth Walker – Senior Policy Advisor, Clean Economy
Oil & Gas transition and energy diplomacy
beth.walker@e3g.org
Notes to Editors
- E3G is an independent climate change think tank with a global outlook. We work on the frontier of the climate landscape, tackling the barriers and advancing the solutions to a safe climate. Our goal is to translate climate politics, economics and policies into action. About – E3G
- For further enquiries email press@e3g.org or phone +44 (0)7783 787 863
