COP26 was one of the first conferences where there was a significant presence from the private sector. Collectively, business made a significant number of commitments. Five thousand international companies have signed up to the UN’s Race to Zero campaign, including over half the FTSE 100.
I thank the President for that answer. My constituent, Wayne McGuire of Grove Innovations in Tring, does excellent work fitting heat pumps to households, which can be a vital assistance in reducing the use of coal, as agreed to in the Glasgow climate pact. What provisions have the Government made following COP26 to support other businesses like Grove Innovations and ensure that the installation of green technologies is viable for all households?
I thank my hon. Friend’s constituent, Wayne McGuire of Grove Innovations, for the work he is doing to ensure a green energy transition in our own country. With regard to support, as announced in our heat and building strategy last year, the Government are launching a new £450 million boiler upgrade scheme, providing upfront grants of up to £6,000 to install heat pumps.