Ambition and delivery focus vital to drive investment in the UK’s net zero transition

Commenting on the UK Government’s response to the Climate Change Committee’s 2023 Progress Report to Parliament, Rachel Solomon Williams, Executive Director of the Aldersgate Group, said: “It is vital that the UK retains its international leadership on climate change and brings the public along as we look to reach net zero emissions by 2050. The net zero transition is a major economic opportunity with the potential to drive prosperity across the country, but this will only be realised with a commitment to delivery and policies that provide certainty for investors. As international competition grows, inaction and weakened ambition could see the UK miss out on crucial inward investment. Government must ensure it provides further policy clarity on areas where decarbonisation is urgently needed, such as supporting energy efficiency retrofits in the built environment, accelerating the decarbonisation of heavy industry and encouraging investment into renewable energy. This will increase the UK’s productivity, generate growth across the country, create jobs, boost energy security, and drive private sector investment into key areas of the economy.”