Greenpeace responds to the OBR fiscal rules and sustainability report

Responding to the OBR fiscal rules and sustainability report showing that the cost of failing to reach net zero could be double the cost of investment needed to reach it, Mel Evans, Greenpeace UK’s head of climate, said:

“This report reinforces what we’ve known for years – that failing to meet net zero will have huge financial consequences, let alone the devastating social and environmental ones. Rapid and significant public spending on the transition to green energy will strengthen our economy, making it fit for the 21st century. But we need the political will to achieve it.

“This government is overseeing failure after failure when it comes to the economy and the climate. We are losing out in the global race on green tech to the EU, China and the US, and our record on batteries, green steel and onshore renewables is embarrassing.

“The fact is that green investment is good for the economy, yet we keep hearing the same tired questions from politicians – both Conservative and Labour – about whether we can afford it. The truth is we can’t afford not to.”