Climate change: UK risks losing investment in net-zero race, MPs warn

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Climate change: UK risks losing investment in net-zero race, MPs warn
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Some Tories are among those who fear jobs could move elsewhere if the government is not ambitious enough.

In part, it's out of necessity.

, needed to be more ambitious, and should speed up the rollout of renewable energy, heat pumps, and insulation among other recommendations.It's not though, I'm told by government insiders, meant to be the UK's response to a huge green subsidies programme in the US yet - that'll come later - which is concerning some climate-watchers in Westminster.Not just against time - with the impacts of climate change becoming more apparent - but economically too.

Some fear it's given the US an unfair competitive advantage, and that it's an attempt to lure high-tech manufacturing companies to the US. The independent climate think tank E3G said the government's decision not to announce any new public investment or tax breaks for green industry in the Budget was a "disappointment" to UK business.Labour's shadow climate change and net-zero secretary Ed Miliband has argued for a British equivalent of the Inflation Reduction Act and a national wealth fund to invest in green technology alongside the private sector.

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