To ask the Secretary of State for Business and Trade, what targets her Department has set to help achieve the Government's commitments on net zero.
Answered on
31 January 2024
The Government set out how we would meet our commitments in the Net Zero Strategy in 2021 which included a detailed breakdown of actions required across all sectors in the economy. This was updated in 2023 through the publication of 'Powering Up Britain'.
The UK has halved its emissions, ahead of every other major economy, and we have grown our economy by over 70% since 1990. The UK over-achieved against the first and second carbon budgets, and the latest projections show that we are on track to meet the third.
We have one of the most ambitious decarbonisation targets in the world, and we have set more stretching targets for 2030 than most countries. We plan to cut emissions by 68% by 2030, which is more than the EU, Japan or the United States.
The Department for Business and Trade’s activities contribute to these objectives by facilitating private investment into priority green sectors, supporting scale up of green businesses and building resilient supply chains for the net zero transition.