Senior cross-party MPs have warned that the “net-zero race” poses a threat to the UK’s ability to attract investment and jobs.
On Thursday, the administration is expected to reveal its updated energy plan.
It makes the case that the UK is a “world leader” in efforts to achieve net zero.
Cross-party MPs worry that if the plan isn’t bold enough, investors and employment could migrate elsewhere.
According to a representative of the Department for Commerce and Trade, the government speaks with businesses “nearly daily” to let them know that the UK is committed to promoting green technologies.
When it already had one last year, why is the government proposing another energy and net-zero strategy?
In part, it’s out of necessity.
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In July 2022, the High Court ruled its existing net-zero strategy “unlawful” for not showing how the UK will hit legally binding carbon targets.
Ministers also want to produce a plan for how UK net-zero policies can help grow the economy – one of the prime minister’s priorities, even if net-zero is not.
They also need to respond to a government-commissioned net-zero review by Conservative MP Chris Skidmore.
It said the UK was “falling behind” on some climate targets, needed to be more ambitious, and should speed up the rollout of renewable energy, heat pumps, and insulation among other recommendations.
Story adapted from BBC
