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Government disagrees with ending UKEF’s support for fossil fuel investments

Nick Palmer Senior Writer

Government disagrees with ending UKEF’s support for fossil fuel investments In a recently published letter, Secretary of State for International Trade Elizabeth Truss issued a formal response to recommendations provided by the Environmental Audit Committee (EAC), following its inquiry on UK Export Finance (UKEF) in June. In its report, the EAC called for the UKEF to review its energy policy to ensure that it demonstrates climate leadership and end its fossil fuel investment by the end of 2021. The government response states that “to end UKEF's support for fossil fuel projects by the end of 2021 would not achieve an effective or just transition for UK workers into the low-carbon economy and would be too rapid to support the transition that the UK's oil and gas industry is beginning to make towards lower carbon and renewable energy sources.” Parliament Government launches consultation on Future Homes Standard The Ministry of Housing, Communities & Local Government launched a consultation on Tuesday 1 October on its plans for the Future Homes Standard, including proposed options to increase the energy efficiency requirements for new homes in 2020. It covers the wider impacts of Part L (conservation of fuel and power) and Part F (ventilation) of the Building Regulations for new homes. The government describes this as the first step in achieving the Future Homes Standard, which is expected to be introduced by 2025. The consultation closes on 10 January 2020. Government

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