Ahead of the COP26 Conference on Climate Change in just over a week’s time, the UK Government has announced its ‘landmark Net Zero Strategy’ which sets out its path to ending its contribution to climate change by 2050.
The UK 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 and green technology – lowering the Britain’s reliance on fossil fuels by investing in sustainable clean energy in the UK, reducing the risk of high and volatile prices in the future, and strengthening our energy security.
The commitments made will unlock up to £90 billion of private investment by 2030, and support 440,000 well-paid jobs in green industries in 2030.
In our view, this will provide much needed 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.
Gavin Holvey, our General Manager for UK & Ireland believes the time is now for a concerted and focused push to drive down the pace of climate change and meet our country’s Net Zero ambitions:
“The climate summit COP26 is just around the corner, and our minds must be focused on what we can all do to make a difference. There’s plenty of hard work ahead – particularly in the built environment which accounts for nearly 40 per cent of global carbon emissions, but with a clear strategy and plenty of workable policies, the path ahead will be much easier.
“Here at Priva, we’ll continue to do our bit to make positive change happen through our suite of energy management tools and technology.”