Review into how net zero future will be funded

The government has launched its Net Zero Review to assess how meeting the UK’s climate commitments of achieving net zero also supports growth and balances costs.

This review is a major step towards the UK achieving net zero emissions by 2050, after becoming the world’s first major economy to legislate to do so earlier this year. The government says that a final report will be published in the Autumn next year, ahead of the UK hosting the UN climate change conference in Glasgow in November next year.

The review will also consider how to ensure the UK cuts its emissions without seeing them exported elsewhere.

Chancellor Sajid Javid said: “The UK is leading the way on tackling climate change as the first major economy to legislate for net zero greenhouse gas emissions by 2050. We must all play a part in protecting the planet for future generations. This review is a vital next step in delivering that commitment, ensuring that we can end our contribution to global warming, while supporting growth and balancing costs, to avoid placing unfair burdens on families or businesses.”