The Labour plans will need £116 billion in additional public and private investment, while the Conservative proposal will require £104.6 billion.
The claim is sourced from a report which says the Labour proposal will cost £116 billion extra over 11 years than is currently being spent, while the same report predicts the current Conservative Government’s policy would require an extra £104.6 billion being spent over the same period.refers to the balance between the amount of greenhouse gas produced and the amount removed from the atmosphere.
That was broken down to £15.6 billion per year until 2030, and then £4.4 billion per year between 2031 and 2035. This money is on top of current investments and what is already forecast to be invested over that time period. In 2022 those investments totalled £23 billion from both public and private sectors.by Boris Johnson’s government in 2021 – are spread over a slightly longer period and aim to ensure the grid is decarbonised by 2035.
This policy would, according to the Policy Exchange report, also require billions of pounds of extra investment – £104.6 billion over 11 years. This would come to around £8.2 billion a year until 2030 and then £11.1 billion a year between 2031 and 2035.We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
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