Evidence obtained during the review had shown that the UK was “not matching world-leading ambition with world-leading delivery”, the report said. For example, it said economic opportunities had been lost due to a lack of consistent long-term policy or investment.
It said the common message received from sectors was the need for ‘clarity, certainty, consistency and continuity’ from the government on net zero policies.
As ‘bold and ambitious’ interventions were being made across the international arena, the review report said other parts of the world had also recognised the market shift and were acting as well.
The review warned that the United Kingdom needs to respond to this shift or ‘risk losing out on new opportunities and seeing current economic activity move away’.
It urged the government to offer incentives for investment, alongside wider opportunities for job creation and local and regional regeneration.
This would ensure the UK not only maintained its international leadership on climate action, but could also compete with other nations that were making strategic decisions over their own energy transitions, an official release said.
It advised creating ‘mission zero missions’ to be launched in 2025 and achieved by 2035.
Apart from long-term goals across sectors, the review said the government should take immediate action. It recommended 25 short-term policies that the government should achieve by 2025. The review called these policies the ‘25 by 2025’.
The aim of these short-term policies would be to help remove barriers that prevented business and industries from supporting the country’s net zero ambition.
ALCHEMPro News Desk (DS)
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