Programme for Government - The KPMG view on the Green Agenda

The green agenda within the Programme for Government is wide ranging and touches on virtually every aspect of society and the economy. One of the most eye catching is a commitment to net zero by 2050 enshrined in a new Climate Action Bill within the first 100 days of Government.

While the Government is promising more renewable energy friendly legislation to speed up the deployment of onshore wind, solar and offshore wind, legislation is also being brought in to actively curb carbon intensive industries including gas extraction, shale gas importation, LPG gas storage and turf extraction. Key features of the programme include:

1. Commitment to supporting the European Green Deal
2. Offshore Wind Sector
3. Development of new Stress testing for financial institutions to look at the impact of the tangible risks of higher temperature scenarios and involvement with the fossil fuel economy on their portfolios
4. Transition to a low carbon future
5. Climate Governance