The new emissions target will further protect family finances, grow the economy and tackle the climate crisis, the government said in a release.
The target has been endorsed by the Environmental Audit Committee and the Climate Change Committee.
The UK has set out its proposed level for the seventh Carbon Budget, which sets a target of close to 87 per cent emissions reduction between 2038 and 2042.
This will protect family finances, grow the economy and tackle the climate crisis.
Plans include cutting bills and costs; delivering energy security; generating jobs and attracting investment, and focussing on cleaner air and nature recovery.
The decision comes as an independent report from the Energy and Climate Intelligence Unit, supported by analysis from the Confederation of British Industries Economics, showed that the net zero economy supports over a million jobs in the UK, adding £105 billion in gross value added (GVA) to the domestic economy in 2025 alone, as it continues to thrive as one of the UK’s fastest- growing economic sectors.
The new target is based on evidence-based assumptions about how the country will take a consumer choice-led approach to the adoption of technologies such as solar, batteries and electric vehicles that will cut bills for families.
The level for the Seventh Carbon Budget has been chosen because moving at pace to clean energy and net zero emissions is the best choice to reduce the exposure of UK families and businesses to more fossil fuel shocks, it maximises the benefits of the clean energy and net zero transition, and it is consistent with the Paris Agreement’s aim to avoid climate disaster for future generations.
The government’s clean energy and climate plans include cutting bills and costs; delivering energy security; generating jobs in and attracting investment to the sector, and focussing on cleaner air and nature recovery.
Fibre2Fashion News Desk (DS)
