UK Government's ambitious emission reduction target puts pressure on UK businesses to act now
Published 20th April 2021 by ClimateCare
Vaughan Lindsay, CEO of ClimateCare, reacts to the news today that the Government has said carbon emissions will be cut by 78% by 2035 - almost 15 years earlier than previously planned:
“It’s encouraging to see the UK Government has ramped up its climate ambition and acknowledge the vital role of offsetting emissions through tree planting and carbon removal technologies to meet Net Zero. However, as always, the devil will be in the detail. The UK was already behind on its target to achieve Net Zero by 2050, so we are all going to need to make some very radical changes to turn this ambition into a reality.
In our view, there will be increasing pressure on all businesses (of all sizes) to step up and deliver their own Net Zero positions. We strongly recommend organisations do that ahead of the curve. Taking action today will allow businesses to decide their own course - meeting carbon reduction and compensation targets in a way that makes sense for their business and in line with their ethos.
Acting now can also help manage costs too; we are already seeing strong price rises for carbon credits, and this will only accelerate as we near 2035. Certainly, businesses we work with are already implementing plans to manage this price and supply risk. Organisations who delay will face increasing risk of legislative drivers and higher prices for the carbon removals credits they will rely on to achieve their Net Zero targets.”
78% reduction UK emissions target to 2035