The Government published its Net Zero Strategy, Build Back Greener, this week, outlining how the UK will deliver on its public commitment to reaching Net Zero by 2050. Alongside its release were published three additional documents: the Heat and Buildings Strategy, Greening Finance and the Net Zero Cost Review.
Together they explore a series of measures which are intended to help us transition to a green future, support businesses and consumers to move to clean power, underpin hundreds of thousands of highly skilled 'green' jobs, and leverage around £90bn of private investment over the next nine years.
Commenting on the release of the reports, Matthew Farrow, director of policy at EIC said: “The four Net Zero policy documents just published represent the largest amount of Net Zero policy ever published in a single day by the UK government and they contain a level of ambition that would have been unthinkable just three years ago. It is fair to say that both government and business activity on Net Zero is picking up speed, and the government’s approach of backing a range of technologies while seeking to bring down technology costs is broadly sensible. Likewise the attempt to balance maintaining public support while delivering regulatory clarity is clumsy but politically understandable.
“The next few years really are make or break however and the hard work is only just beginning. The challenge is to convert to the broad outlines we now have for technology choices and rollouts into actual physical deployment across millions of households and thousands of communities. Furthermore this must be done in a joined up way.”
To help members digest the numerous announcements and pledges in the Net Zero Strategy, the Heat and Building Strategy, Greening Finance and the Net Zero Cost Review, EIC has published an exclusive member-only briefing which can be downloaded below.