As you will hopefully have seen, Labour remains fully committed to our Green Prosperity Plan

The only thing that’s changed is the price tag, which we committed to two years ago, long before the very worst Tory mismanagement of our economy. We have therefore had to respond and readjust our plans to reflect the current economic challenges. 

This means a Labour Government is still going to invest in good jobs in all parts of the country: in gigafactories, clean steel plants, renewable-ready ports, green hydrogen and energy storage through our National Wealth Fund unlocking tens of billions of private sector investment.

We will also cut people’s energy bills by up to £500 through insulating five million homes. And for the first time we can confirm that funding for Great British Energy will deliver energy security and enable us to invest in floating offshore wind, nuclear and tidal energy.

A large part of that investment will be paid for by a proper windfall tax on oil and gas giants, so those who have profited from energy insecurity pay for the investment needed to rebuild industry, lower bills and make sure we are never at the mercy of dictators like Putin again. The remainder will come from borrowing to invest so we can invest to grow.

These ambitious missions will change the lives of thousands here in Sheffield and will set us on the right path to deliver clean power by 2030.

However, we need to be honest about what’s happened to our economy in the past 2 years, since we announced we would invest £28 billion a year through our Green Prosperity Plan. 

We are still feeling the effects of Liz Truss’s extremely damaging premiership, which crashed our economy, caused market chaos, sent debt soaring and put people’s livelihoods in jeopardy. 

The reality is that this crisis, in combination with the past 14 years of Tory economic failure have left our country and economy in a perilous position. If our economy had grown at the OECD average it would be £140bn larger than it is today, and we would have £50bn more to spend on public services.  That is why Rachel Reeves has put growth at the heart of our plan for government.

This is the right plan for our economy and our environment. It is a plan that is consistent with our fiscal rules, including to get debt down as a share of GDP, and our mission to deliver clean power by 2030.

The next election will be a direct choice between a Labour party offering an ambitious and bold climate and energy agenda, and a Conservative party that is slipping towards climate denial.