UK spring budget 2024: Key climate and energy announcements

(CarbonBrief, 6 Mar 2024) UK chancellor Jeremy Hunt failed to mention the term “climate change” at all when setting out the government’s spring budget – the first since it was confirmed that 2023 was Earth’s hottest year on record.

As expected, Hunt used his budget speech to announce that the government is freezing fuel duty on petrol and diesel for the 14th year in a row.

As of 2023, this policy had added up to 7% to UK emissions, according to previous Carbon Brief analysis.

The chancellor also announced a year-long extension to the windfall tax on oil-and-gas companies, but failed to commit to spending the money raised on new climate investments.

Hunt did not offer any new policies to help boost the rollout of key low-carbon technologies, such as electric vehicles (EVs) and heat pumps. 

He also pledged no further changes to the government’s long-term regime of maximising oil and gas production.

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CarbonBrief, 8 Mar 2024: UK spring budget 2024: Key climate and energy announcements