Independent review of govt approach to net zero target launched in UK

However, the Russian invasion of Ukraine and other global factors have fundamentally changed the economic landscape in the United Kingdom, placing huge pressure on households and business through high energy prices and broader inflationary pressures, an official release said.

The review is being led by the former energy minister, Chris Skidmore, and will take three months to complete. It is expected to consult consumers, investors, industrial leaders and experts in various fields, including energy, land use, and transport, as well as holding roundtables across the country.

“The review will assess the economic co-benefits associated with different policies and how we can drive down the cost curve for net zero technologies. It will consider innovative approaches and ways of delivering our target that ensure the government maximises the economic opportunities presented by net zero,” the release said.

The review will consider how the government approach to net zero can deliver maximum economic growth and investment, driving opportunities for private investment, jobs, innovation, exports and growth right across the UK; support UK energy security and affordability for consumers and business and the need to rapidly increase and strengthen UK energy production and supply; and minimise costs borne by businesses and consumers, particularly in the short-term.

ALCHEMPro News Desk (DS)