A comprehensive plan designed to help the UK meet its main climate change target and realise economic growth at the same time has been outlined by a former UK government minister. Chris Skidmore MP was commissioned to lead a review the UK government’s approach to delivering its net zero target – of reducing UK greenhouse gas emissions to 1990 levels by 2050 – in September last year. He published his report (340-page / 6.6MB PDF) following the end of the review on Friday. The US Inflation Reduction Act and UK Skidmore recommendations perhaps signal that policymakers are now aligning more behind the ‘carrot’ approach as governments focus on industrial policy and bilateral intervention and financial support to accelerate change In his report, Skidmore said that net zero is “the growth opportunity of the 21 st century” but warned that while “the benefits of net zero will outweigh the costs”, work is needed to secure the benefits and minimise costs associated with the transition to a net zero economy – and that speedy action is required. “We must quickly take the decisions we know we have to. This is how we will achieve net zero in a more affordable and […]
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