Report stresses need for credible net zero path

The UK will need further policy commitments in the “near future” if it is to be on a credible pathway for achieving its 2050 net zero emissions target, the Aldersgate Group has said.

On 5 October, it published a report, Building a Net Zero Emissions Economy, where it looked at some of the key policy decisions and priorities required from the government, within this parliamentary term, to reach net zero by 2050 and support businesses and investors as they cut emissions across supply chains, develop new business models and invest in low carbon infrastructure.

It called for an overarching strategy to align policy interventions in the buildings, transport, power, heavy industry, agricultural, land management and finance sectors, as well as for government to put in place a trade and diplomatic policy “consistent with its net zero target”.

It made a series of recommendations, including pressing ahead with policy and regulatory measures to cut emissions in buildings, surface transport, power and waste; focusing innovation efforts to support large scale trials of technologies, such as carbon capture and storage, and business models that will be essential to cut emissions in “hard to treat” sectors; and strengthen the government’s Green Finance Strategy with the creation of a well-capitalised National Investment Bank.

Aldersgate Group