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HMG | Net Zero Strategy: Build Back Greener
This strategy sets out policies and proposals for decarbonising all sectors of the UK economy to meet our net zero target by 2050.
Our Strategy for Net Zero Since 1990 the UK has reduced our greenhouse gas emissions by 44%, while growing our economy by over 75%. This strategy sets out this Government’s longterm plan to finish the job and end the UK’s domestic contribution to man-made climate change by 2050.
Although every study shows that the costs of inaction on climate are far greater, there will, of course, be costs to the investments needed to make this transition happen. So we will approach these with four key principles:
1. We will work with the grain of consumer choice: no one will be required to rip out their existing boiler or scrap their current car
2 We will ensure the biggest polluters pay the most for the transition through fair carbon pricing
3. We will ensure that the most vulnerable are protected through Government support in the form of energy bill discounts, energy efficiency upgrades, and more
4. We will work with businesses to continue delivering deep cost reductions in low carbon tech through support for the latest state of the art kit to bring down costs for consumers and deliver benefits for businesses. This strategy is a long-term plan for a transition that will take place over the next three decades. Many of the policies in the strategy will be phased in over the next decade or longer. Given our success in decarbonisation to date we are confident in our approach, but this strategy does not intend to predict the exact shape of the British economy in 2050 and neither should it.
Net Zero Strategy: Build Back Greener We are making the decisions that are needed now to drive investment into new low carbon technologies and as these develop and we test our approach, we will make informed decisions over how we scale to reach net zero by 2050.
We have consistently underestimated how quickly the costs of clean technology would fall to date. There will be many more decisions to take, and many more steps on the journey to the finish line. But this strategy marks the beginning of the end of the UK’s domestic contribution to climate change.
HMG | Net Zero Strategy: Build Back Greener
This strategy sets out policies and proposals for decarbonising all sectors of the UK economy to meet our net zero target by 2050.
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