Reaching Net Zero in the UK by 2050, the strategy
The UK government has announced its strategy to reach net-zero emissions by 2050. The Net-Zero Strategy sets out how the UK will secure 440,000 well-paid jobs and unlock near $125 billion in investment in 2030 on its path to ending its contribution to climate change by 2050. The UK Government said that this would provide certainty to businesses to support the UK in gaining a competitive edge in the latest low carbon technologies – from heat pumps to electric vehicles – and in developing thriving green industries in our industrial heartlands – from carbon capture to hydrogen, backed by new funding. UK’s Net-Zero Strategy sets out a comprehensive economy-wide plan for how British businesses and consumers will be supported in making the transition to clean energy. As part of the strategy, the new investment includes an extra $482 million to support the electrification of UK vehicles and their supply chains and another $853.5 million for targeted electric vehicle grants and infrastructure. The country is also working to kick-start the commercialization of sustainable aviation fuel made from sustainable materials such as household waste, flue gases from industry, carbon captured from the atmosphere, and excess electricity.