emissions

The UK government has become the first G7 nation to write into law a target for “net zero” emissions.

The term “net zero” means that means the UK’s emissions will have to be halted, or offset by methods such as planting trees.

The target will mean the UK will need to cut greenhouse gas emissions to the level by 2050.

However, whilst many environmental groups have praised the decision, many have said that the provision may prove too late to save our planet.

The new legislation will amend the Climate Change Act in 2008, which currently commits the UK to reducing emissions by 80%.

Prime Minister May said of the target: “As the first country to legislate for long-term climate targets, we can be truly proud of our record in tackling climate change. We have made huge progress in growing our economy and the jobs market while slashing emissions.

“Now is the time to go further and faster to safeguard the environment for our children. This country led the world in innovation during the industrial revolution, and now we must lead the world to a cleaner, greener form of growth.

“Standing by is not an option. Reaching net zero by 2050 is an ambitious target, but it is crucial that we achieve it to ensure we protect our planet for future generations.”

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Nicole covers emerging global economic and political events for The UK Investor Magazine. Her focus is particularly upon company news and political developments in Europe and the US.