The U.K. has become the first major economy to set net zero emissions in legislation, introducing a legally-binding target for 2050.
In response to the Government announcement that it will immediately legislate for a net-zero emission 2050 target for the UK, Nick Mabey, E3G CEO said:
As the first major economy in the world to legislate for net-zero emissions, this will inspire other countries to follow. It is an act of true leadership on the international stage. A net-zero target is also critical for business, giving them the confidence to invest now in powering ahead with a prosperous zero carbon transition. But this target will be meaningless unless the Government ramps up its policies and public investment to get us on track. Net-Zero must now be put at the heart of the UK’s economic mission and infrastructure plans.