Environmental impacts are still not being taken into account in spending decisions. For the last Spending Review, the Treasury asked departments to set out how their proposals would contribute towards the UK’s statutory carbon targets, and to explain their impact on, and coherence with, the 25 Year Plan. However, departments struggled to do this. As part of updating its Green Book guidance on evaluating projects, the Treasury has made changes to better prioritise the environment, and it has c...

Environmental impacts are still not being taken into account in spending decisions. For the last Spending Review, the Treasury asked departments to set out how their proposals would contribute towards the UK’s statutory carbon targets, and to explain their impact on, and coherence with, the 25 Year Plan. However, departments struggled to do this. As part of updating its Green Book guidance on evaluating projects, the Treasury has made changes to better prioritise the environment, and it has commissioned further work to understand the economic implications of environmental issues. But it recognises it has more to do to make sure it has the rig Type: recommendation | Number: 5 | Response status: not_addressed Government response: 5.1 The government agrees with the Committee’s recommendation. Target implementation date: April 2022 5.2 HM Treasury recognises its important role in supporting the delivery of the government’s climate and environmental objectives. Both the Stern and the Dasg