Government publishes Net Zero Strategy with plans for 2050 net zero target

Article summary

The Department for Business, Energy & Industrial Strategy (BEIS) has published the Net Zero Strategy, which sets out policies and proposals for decarbonising all sectors of the UK economy in order to meet national net zero targets by 2050. It follows on from the government’s 2020 Ten Point Plan for green industry, laying the foundations for a green economic recovery from the impact of coronavirus (COVID-19), and includes decarbonisation pathways to net zero, policies and proposals to reduce emissions for each sector, and cross-cutting action to support the transition. As part of the Strategy, additional £350m will be used to support the electrification of UK vehicles and their supply chains, £140m will be allocated to the Industrial and Hydrogen Revenue Support scheme which aims to accelerate industrial carbon capture and hydrogen, £124m will be used to boost the Nature for Climate Fund, and £120m will go toward developing nuclear projects through the...