There’ll be a lot of debate this week about whether you need cold hard taxpayer cash to accelerate the net zero transition or if you can do it largely through policy. The answer is, of course, both are necessary. But... https://www.bbc.com/news/uk-54947577

The 10 point plan will not be credible as either environmental or stimulus plan without some proper money. Again, Germany has announced €40bn for explicitly green projects, France has announced around €30bn. The UK has so far announced £5bn.

The government won’t catalyse world leading hydrogen, CCS, battery, EV charging, and nature based solution industries with spending pledges that are a rounding error in the grand scheme of things. There needs to be a willingness to borrow to invest at scale.

Not least because that is what many of the UK’s most successful economic competitors are doing right now.