Carbon Budget 7 reaction

Reacting to the publication of the UK’s Carbon Budget 7, Aldersgate Group’s Executive Director, Rachel Solomon Williams, said: “Today’s publication of Carbon Budget 7 is a major step forward in the UK’s plans to meet its net zero commitments. It is good to see the government is setting a target that should drive urgent action to drive down carbon emissions.

“As today’s new report by the CBI and ECIU also shows, net zero is delivering benefits right across the UK economy. The sector encompasses 23,000 firms, of which over 96% are small or medium size; it also supports over 1 million jobs, with wages at 11% higher than average.

“We look forward to the publication of a delivery plan to accompany this new carbon budget, providing the certainty businesses need and placing the UK’s net zero plans at the heart of our economic future. The plan must set out clearly what action will be taken across different sectors, especially on meeting growing demand for electricity across heating, transport and industry, as well as bringing costs down.”

-ENDS-

Click here to access the CBI Economics and ECIU report – ‘The race for net zero: The UK net zero economy and the transition to a competitive future‘

Click here to access the Government’s press release announcing its proposed level for Carbon Budget 7 – ‘Energy security, jobs and investment boost through climate action’