As we recover from COVID-19, the Government intends to deliver a UK economy which is stronger, greener, more sustainable and more resilient.
The UK was the first major economy to legislate for net zero emissions by 2050 while showing that growing our economy and cutting emissions can be achieved in parallel - growing our economy by 75% while cutting emissions by 43% over the past three decades. The UK has over 460,000 jobs in low carbon businesses and their supply chains, and many of the actions we need to take to reach our net zero target will support the future growth of our economy.
Already we have announced that onshore wind and solar projects can bid for contracts in the next Contracts for Difference allocation round and a £2 billion package for cycling and walking. On 8 June, my Rt. Hon. Friend the Secretary of State announced a Green Recovery working group, one of five new ‘recovery roundtables’ bringing together businesses, business representative groups and leading academics, to unleash Britain’s growth potential and help the economy recover from the pandemic. This group will explore how to capture the economic growth opportunities from the shift to net zero emissions.