REA comments on latest Covid Recovery funding
Dr Nina Skorupska CBE FEI, Chief Executive of the REA, commented:
“Today’s announcement from Government lays the foundations for a successful Green Recovery by prioritising energy efficiency, funding social housing retrofits and emphasising the need for green jobs, but the financial aid is woefully inadequate.
“If this is a one-off investment of £3bn then it falls short; it is not enough to stimulate the economy on the scale needed or make a dent in our Net Zero by 2050 targets.
“We hope that the Chancellor will be building on this announcement tomorrow in his economic update and this is just the first in a series of funding rounds for the green housing and employment sectors.”
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Notes to editors
- The REA’s report, Reviving the economy, growing the renewable and circular economy and delivering net zero is available here.
About the REA
The REA is the UK’s largest trade association for renewable energy and clean technologies with around 550 members operating across heat, transport, and power. The REA is a not-for-profit organisation that represents renewable energy and clean technology companies operating in over fourteen sectors, ranging from biogas and renewable fuels to solar and electric vehicle charging. Membership ranges from major multinationals to sole traders.
For more information, visit: www.r-e-a.net