UK aims to have net-zero emissions by 2050
UK to unlock £90bn transition investment by 2030
Renewables, CCS, nuclear and hydrogen are all earmarked for government support, according to a recently published strategy
The UK has launched its long-awaited Net Zero Strategy, outlining investment and policy moves to reach net zero by 2050 and unlock £90bn ($124bn) in private investment by 2030. The UK aims to reduce emissions by 68pc, excluding international aviation and shipping, by 2030 as part of its Nationally Determined Contributions to the Paris Agreement. The new strategy also sets a budget for a 78pc reduction, including international aviation and shipping, by 2035. The government plans to increase R&D investment to £22bn, with £1.5bn for decarbonising power, building, industry, transport and natural resources in its next spending review in 2022. Power The UK aims to achieve a fully decarbonised
Also in this section
10 June 2025
Eni’s CCUS deal with BlackRock’s Global Infrastructure Partners reflects a growing belief among big investors in the CCUS growth story
3 June 2025
Africa faces challenges in adopting CCS but also has vast potential, with the technology being not just a climate tool but a catalyst for development
2 June 2025
Rather than a simple climate option, CCS is now being seen as a workable solution for Africa’s growth strategy
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
