The government has set out is proposed level for the seventh Carbon Budget, which includes a science-led target of ~87 per cent emissions reduction in the period 2038 to 2042.

An independent report from the Energy and Climate Intelligence Unit, supported by analysis from the Confederation of British Industries Economics has revealed that the net zero economy supports over one million jobs in the UK, adding £105 billion in gross value added (GVA)  to the UK economy in 2025 alone.

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 EVs that will cut bills for families.

Energy Secretary Ed Miliband said: "As Britain faces the second fossil fuel shock of the decade, the only way to protect family and business finances is to drive for clean homegrown power that we control.  

"What has been achieved so far by businesses and communities across the country is a great British success story - cutting costs by upgrading homes, backing British businesses, supporting one million good jobs according to new analysis from CBI Economics, and protecting our beautiful countryside.  

"Some people want to stick their heads in the sand and let our children face the consequences of climate breakdown - but this government believes in the timeless British value of protecting our country for generations to come."

Climate Minister Katie White said: "The record-breaking May heatwave is another reminder that climate change is no longer a distant prospect. Increased heatwaves, flooding and nature loss are becoming the new norm for our country.

"That’s why we’re continuing to set a clear investment framework which will electrify Britain, maximising the benefits of clean power with cleaner air, warmer homes, energy security, investment into Britain and thousands of jobs in the industries of the future."