12/4/2020 10:36:07 PM | less than a minute read

Another step in the race to net zero

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Rachel Barrett

ESG Partner

Get in touch

Rachel Barrett

ESG Partner

The UK has upgraded its climate emission reduction target for 2030 to 68% (up from its previous target of 57%). The pressure is now on for the Government to explain how it plans to achieve this ambitious goal. Next week the government is expected to publish a policy paper that will clarify some regulatory measures that will help drive the transition to clean energy. Many hope that this will form a key part of the Government's Covid-19-related economic recovery package, and it could generate significant opportunities for those looking to invest in low carbon initiatives.

The UK on Friday threw down the gauntlet to other countries ahead of a climate summit next week by becoming one of the first leading economies to upgrade its carbon emissions reduction target for 2030. Prime minister Boris Johnson set a target for the UK to slash its emissions by 68 per cent by the end of the decade, relative to 1990 levels, in a move that will require restructuring a significant portion of the economy.

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