Government’s Net Zero Strategy relies heavily on private investment and innovation driving down costs; however, government has a poor track record of providing investor confidence. The Strategy relies on government leveraging billions of pounds of private investment to spur innovation in pursuit of its objectives. Despite this, in some areas such as heat and buildings government is only ‘fairly confident’ that the measures it is putting in place, including grant funding and regulatory reform,...

Government’s Net Zero Strategy relies heavily on private investment and innovation driving down costs; however, government has a poor track record of providing investor confidence. The Strategy relies on government leveraging billions of pounds of private investment to spur innovation in pursuit of its objectives. Despite this, in some areas such as heat and buildings government is only ‘fairly confident’ that the measures it is putting in place, including grant funding and regulatory reform, will encourage economies of scale that will drive down the cost of net zero technologies. The private sector needs to have confidence in government’s po Type: conclusion | Number: 3 | Response status: under_consideration Government response: 4. PAC conclusion: While we wait for the much-delayed SEND review, the support system continues to fail many children and remains financially unsustainable.